The Psychology of Eroding Middle Classes

picture above: scene from the documentary ‘American Winter’ (HBO, 2013) Robert Reich, former Secretary of Labor under the Clinton administration, professor at Berkeley and the Goldman School of Public Policy, impressed me with his informative and highly recommendable documentary titled ‘Inequality for All’ (Reich, 2013). Reich reconstructs meticulously how the decline of the American middle-class started end of the 70s with stagnating wages while general living costs such as costs for education, healthcare, housing and transport kept…
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