This conversation is closed.
Is the middle class in developed countries an endangered species?
Globalisation has shifted much of manufacturing to developing countries. This impacts mid level managers as much as factory workers.
Technology is increasingly making the provision of professional services such as legal advice, engineering and design possible remotely.
Farming is increasingly being done on a corporate level.
Australia is largely a mine feeding Chinas development and a declining retail/service industry.
The US has silicon valley and the entertainment industry but these also have challenges.
What is left between Capital and waiting tables?
Is a good college education still a ticket out of lower socio economic conditions?
Is this connected to the 99% issue?
What can we do about this as individuals, communities, or at a policy level?