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"American middle-class wealth has moved to upper-class rather than to outsiders." As your quote says, it's not the wealth that has moved per say, but that peop
by njarboe 6y ago
"American middle-class wealth has moved to upper-class rather than to outsiders."
As your quote says, it's not the wealth that has moved per say, but that people have moved upward out of the middle class and brought that wealth with them with more people moving up than moving down.
- yahnu 6y agoRight. I see how my wording can be wrong. I saw some comments (in this thread and some others) that seems to be of the opinion that USA has not benefitted by embracing globalization. That opinion is in contrast to what I have seen in data analysis/reports. So I wanted to say that maybe problem is not that USA hasn't benefitted from globalization but rather that benefit hasn't been distributed appropriately. I'm not from USA and my knowledge comes by reading about news reports and expert data analysis so I might be missing something.