The Demise of the American Middle Class

Jesus H Christ with a cardboard sign, but I really wish this guy were wrong.

I doubt if he is.

American as well as all western white and blue collar workers will soon realize that they will either have to decrease their wage demands to conform with "global standards" or chose jobs in the service sector. These global standard wages are now being set by worker in India and China, where average hourly wages are about 65 cents and one dollar respectively. The high paying jobs created in Mexico under NAFTA, the whopping $3.50 per hour ones, are moving to China because even this princely wage level is much too generous according to U.S. businessmen.

Via Daily Scare.