This has been going on for years, but growth in low-income countries has compensated for the midle-class shrinking in higher-income countries. Until now, that i

This has been going on for years, but growth in low-income countries has compensated for the midle-class shrinking in higher-income countries. Until now, that is. As for seriousness, this is bad. Many peoples are seeing their dreams crushed, their future plans wrecked, and their job security taken away. It will turn many against what they see as rich people profiteering on others' misery. Furthermore, our economy is based on perpetual growth, and if middle-class consumers stop consuming, then growth will stagnate, debt will start piling up, and various bubbles start bursting.