"Workers making about $40,000 to $80,000 a year constitute the bulk of labor costs for many companies, and these workers may be on the chopping block, said Jeffrey Joerres, chief executive of ManpowerGroup, a Milwaukee-based staffing services firm.
â??Thatâ??s your middle class,â?? Joerres said. â??Companies are finding ways to reduce the number of people in those areas, and change the jobs to make them more simple, to reduce the skill that is required.â??
If the middle class is eliminated, who will buy all the products?
People working for peanuts in 3rd world sweatshops? Employees at Wendy's?
And then, rioting will begin as standards of living fall.
Marx was right long term.