Title: The shrinking American middle class
Description: The United States lost one third of its factory jobs in the past decade as jobs were outsourced offshore, mostly to Asia. Jobs that require a college degree are next to go. China will award six times as many degrees this year as they did ten years ago and any job that can be digitized will be 'tradable'. Estimates of the number of vulnerable jobs range from a low 11 million to a staggering 56 million 'middle class' jobs. The median United States household income has already dropped by seven percent since 2000 and without dramatic changes in the American workforce that trend will become a disaster for middle class Americans.
Subjects: Social conditions, Equality, Economic conditions, Income distribution, Middle class, Income distribution, united states, Middle class, united states, United states, economic conditions, 2009-, United states, social conditions, 21st century, SOCIAL SCIENCE, Social Classes, Cultural studies, International business, Business strategy, Economic forecasting, Social issues & processes, Society, Economic history
Places: United States
Time periods: 2009-, 21st century