The stagnation in middle-class wages is not just a middle-class problem. It's an economic problem. And it's one of the main reasons that global economic growth is so lousy.
Why do stagnant middle-class wages hurt the economy?
Because the middle-class folks whose wages are stagnant are the global economy's biggest spenders.
And when they don't have money to spend, their lack of spending hurts not just them but all the companies that depend on them for revenue.
Read more: http://www.businessinsider.com/eric-schmidt-on-inequality-2014-1#ixzz2rKsMOAwu
---Steve
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