And who will buy all the neat gadgets that they're producing? It won't be the US; no middle class means no disposable income. It won't be the Chinese; they make everything in house. It probably won't be anyone else in Asia because they'll just buy it from China instead.
Devastation of the middle class is about equivalent to devastation of the entire US economy. After we've willingly and successfully transferred all our manufacturing and engineering knowledge and processes to other countries... The only playing chip the US will have left is food exports.
Devastation of the middle class is about equivalent to devastation of the entire US economy. After we've willingly and successfully transferred all our manufacturing and engineering knowledge and processes to other countries... The only playing chip the US will have left is food exports.