The U.S. Middle-Class is Alive and Well
From "The Myth of Middle-Class Job Loss" in today's WSJ:
The assertion that the American middle-class is disappearing along with manufacturing jobs is, put simply, based on an outdated view of how the economy operates, and is empirically wrong.
Here's the bottom line: For three-quarters of the workforce (women and the top half of male earners), economic growth (since 1979) translated into earnings gains. But for male workers in the bottom half of the earnings distribution, the decline of unionized manufacturing employment has led to the drying up of some middle-class jobs for those with no post-secondary education.
For the clear majority of the workforce, then, the job market has become more welcoming, not less so.