5 ms·

Wouldn't globalism be the main cause of the middle class dissolving?

• maxerickson 10y ago
  Depends on whether you think policy could be effective in preventing other countries from developing and offering cheap exports. International trade also has a big competitor in mechanization and automation. For example, big machinery ate up small farms and mining jobs.
• omegaworks 10y ago
  That's a really good question. I think the truth is nuanced here. Globalization and free trade increased the total wealth of the world, but that wealth was not distributed in a way that minimized the impact on labor and middle class stability.