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:: Wednesday, December 24, 2008 ::
The White-Collar Working Class: Has the American Middle Class Gone into Foreclosure? - By Brian Purnell, History News Network
So, Americans don’t make anything. As a country, we don’t really export much except entertainment, hip-hop and pornography. And we import and then buy a lot of cheap clothing, cars, electronic equipment, furniture, and plastic crap, which the rest of the world’s workers produce at the lowest wages possible. We don’t save, and we are drowning in debt. How does this type of economic imbalance affect class in America?
Obviously it creates both the super-rich and the super-poor.------------------------------------------- posted 8:02 AM :: reference link ::
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