The Chicken Little Theory of the Vanishing Middle Class


 

Publication Date: April 1987

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Bruce Bartlett

Research Area: Economics

Keywords: Economy

Type: Report

Abstract:

The growth of the service sector is a natural development in the U.S. economy, and it is associated with rising, not declining wealth. America is experiencing erosion neither in the manufacturing sector nor in the middle class. Those who make such arguments seem determined to ignore the evidence to further their own political agenda.