The Crisis of the Middle Class and American Power
Typical American middle class houses in a suburban neighborhood in the 1950s.
(GEORGE MARKS/Retrofile/Getty Images))
To mark Labor Day, we are republishing Stratfor founder George Friedman's essay on how the American middle class -- one of the country's core values -- is steadily losing ground. This analysis was originally published in January 2013, when unemployment in the United States was hovering around 8 percent and recovery from the 2008-09 financial crisis was still tenuous....
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