"China overtakes US, now has world's largest middle class" -- thanks to the off-shoring of jobs [View all]

[uawchild]

"China's middle class has overtaken the United States to become the world's largest, Credit Suisse said Tuesday in its latest report on global wealth. Asia will be the scene for the greatest expansion of the world's middle class, it predicted."

http://timesofindia.indiatimes.com/business/international-business/China-overtakes-US-now-has-worlds-largest-middle-class/articleshow/49342454.cms?

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China prospers, the US declines --- thank you 1% for impoverishing our country.

This ain't your Grandpa's China...



Congratulations to China, but much of their amazing growth has been at the expense of American working families.

They used to say "what's good for business is good for America", yes, but that was in the pre-1980's world where businesses invested here at home. Look at the increasing trade deficit that is sucking the economic life out of our country that is the direct result of the 1% no longer caring where they make their profits. That saying should be updated to "What's good for Business is good for the 1%", and THAT will be true until income inequality and globalization's "race to the bottom" off-shoring of jobs and technology are confronted and rolled back.