What happens when the middle class morphs into the working class?

Looks like socialism.

It means I’m not a real princess :(

Seriously I’m not a scholar in Depression era economics, but I’ve always assumed that the US middle class emerged from lower wage workers during and following WW II. They never really stopped working in wage hour jobs, pay and benefits just improved.

And if thats right it seems like the same connection is in place now. What’s changed is that most employment today is in the tech & service sectors rather than manufacturing. Earnings for workers in these jobs has lagged behind what most people think of as middle class incomes, but social and economic pressure over the last 15 years is slowly pushing wages up.

So if this all works out I could still end up with a few diamonds and a steady boyfriend. Wish me luck.

“middle class morphs into working class”
For one thing working-class used to be middle-class, when wages led by competition for union manufacturing jobs were reasonable for most people.

Are you asking what happens when the middle-class collapses? (which is what’s happening as corporate squeezes on wages and benefits make real compensation drop a notch every year). What you get is what we have today, millions of people wondering where the wealth went, and a handful of people who have extracted it from the economy and are trying desperately to make sure the downtrodden blame it on each other, on people in other countries, and on the government (<- which was just doing corporate bidding all along with deregulations).