A Tale of Two Economies

link here to article

This article from the Harvard Business Review describes the unfortunate trend in the US economy that is affecting the middle class. Large corporations learned to be lean during the recession. They cut large numbers of middle management positions and filled lower paying jobs with temporary workers. They have continued with this after the recession and they are experiencing record profits. We are likely to see a continuing erosion of job which support a middle class lifestyle. 60,000 of the over 200,000 jobs created in April came from a single company: McDonald's. Unless America finds a way to create middle class jobs we will move toward a two tier economy. A small number of executives and entrepreneurs at the top and a large number of workers, including many with college degrees at the bottom.