Author Topic: Is the American Middle Class Losing Out to China and India?  (Read 119 times)

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Offline Oceander

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Is the American Middle Class Losing Out to China and India?
« on: April 02, 2014, 06:32:31 PM »

Offline truth_seeker

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Re: Is the American Middle Class Losing Out to China and India?
« Reply #1 on: April 02, 2014, 06:38:29 PM »
A college degree in the US is like a high school diploma a generation or two back. Not many US college grads undergo the discipline to study tough, quantitative subjects like math, science, engineering, medicine etc.

But the foreign students do. Both in the US but also at home. That is partly how they are becoming middle class. They offer greater skill, for less pay.

Big consumer companies see much greater incremental growth in their markets abroad, instead of in the US and in Europe.

VW, Toyota and GM plan to sell vehicles to middle class consumers in China, India, etc.
"God must love the common man, he made so many of them.�  Abe Lincoln


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