Labor Day 2013 -- The middle class is shrinking as the working poor are increasing. It's been heading in that direction since about 1980. The gap between the haves and the have-nots widens every year. Is this a good thing?
There is a direct relationship with the size of union membership and the size of the middle class. When union labor is strong the middle class grows with it (union or not union) and the opposite is true when unions are weakened. When unions disappear they will take most, if not all, of the middle class with them. To some this is a good thing.
My question is this: Will the 1 percenters ever be able to buy as much as a thriving middle class can? How many cars and TVs does the 1 percent buy a year anyway?