The rise of the global middle class could prove to be even more harmful than climate change...
In his last State of the Union address, President Obama made a pitch for “middle class economics” to help America’s beleaguered middle class, which continues to face stagnant wages, job displacement and soaring college costs and debt. His stated goal was to provide Americans with the requisite tools to get ahead in a fast-paced, constantly changing global economy. Of course, the United States middle class is not alone. Those in other advanced industrial countries are suffering similar or worse fates.