"Maybe what we're seeing is the 'obsolesence of middle-class labor', not its commodification."
Nonsense. Although it may look like that, it's because the design of the "free trade" and "global market" is to perpetually move manufacturing to the lowest bidder. This is not necessarily evil at face, but in practice, it frequently is. If it weren't cheaper to get 'thrown-away' kids in India or impoverished Chinese to hand stitch soccer balls, then technology might be used in the US to stitch soccer balls. It's lowest cost production - period.
Besides, if it were middleclass obsolescence, then the world's markets will soon implode. This is easily the logical result when there are only a few highly skilled (i.e. 'people making good incomes') and masses of "unskilled labor" (i.e. 'people with little or no income') in the economy. The only market that can be served by business enterprises are those few with wealth. In short, too few consumers to support an economy.
Since that can't hold, we're going to have to tip the scales back and force the wealthy away from the current parasitic (and yes, the wealthy are the parasites, feeding off the less powerful) to a more symbiotic relationship - because the rich are too pig ignorant to realize that their dream world is totally unsustainable. Not realizing this fact has led to many nation's demise.
About Economy
Read the Article at HuffingtonPost
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