Who will stay in that "new 800 room hotel" now that the middle class is going away? Nick points out the old "the wealthy generate jobs" saw is backwards. Compa

Who will stay in that "new 800 room hotel" now that the middle class is going away? Nick points out the old "the wealthy generate jobs" saw is backwards. Companies have record amounts of cash reserves but aren't hiring because of low demand. Companies hire workers only when they can't meet demand for their product. No customers = no demand.