Many articles have been written about the decline of the middle class in America. In our post we are assuming that the middle class is already well on the way to decline. Which really means that the middle class will shrink leaving fewer people with sufficient money to achieve the American dream. The 1% group continue to get rich. While more and more people have trouble just making enough to pay for food, clothing and lodging. These are the basics for many people without even considering simple extras like owning your own home, saving for retirement or paying for health care. Why is this occurring?
Factory Jobs are Disappearing
Many factory jobs have left the country for other countries. As well as many jobs have been automated. The jobs that are left are either very few high skilled jobs or many jobs that are not paid well. They are low skill jobs. The Walmarts, the fast food stores and the retail industry in general are examples of low paid, low skilled and no benefits types of jobs. Consumers with these types of jobs can barely survive let alone even think about saving for retirement.
It has often be said that money breeds money. It is certainly true for the rich. They have invested in the stock market. They have seen their share values escalate by huge amounts over the last 5 years. Sure they may have lost some money during the recession. However they only lost this money if they cashed in these investments at that time. If they held onto these investments, they not only recovered their loss, they are well ahead of these potential losses. They are even more rich than they were before. But the poor middle class guy has fallen further behind due to his lack of investments in the stock market.
Decline of the Middle Class
The gap has certainly widened between the upper class and the poor with the middle class getting further squeezed. As time goes on and these people approach retirement, they will find that they are having to work well into retirement years with no thought or ability to even think about retirement.
Over the next 20 years we anticipate that this decline of the middle class will become even more pronounced and will lead to more crime, to more poverty, to situations where families must look after each other since there will be no one else to look after them. This will create a lot of hardship, even more than what we have today. Unfortunately this is the environment that we have to look forward to over the next 20 or 30 years.
There will be more gated communities, there will me more crime, there will be more people begging and so on compared to what we have today. This is not a great scenario, unless we can get America back to work and lower the cost of living.
What are your thoughts? For more ideas about future trends, click here.

A few years ago we might have thought a story about drones delivering parcels for Amazon would be pure science fiction! It turns out though that Amazon believes that by 2015 it will be doing just that. They will be delivering parcels within a 50 mile range of their major distribution centers. There’s a lot of development work to take place between now and then. But this is the stuff of pure science fiction becoming reality.
Our last post about Canada post summarize the changes that they are planning to make. Canada Post pensions at risk in an effort to reduce their debt load and to reduce their operating loss. In summary they will be reducing 8008 positions and increasing the cost of the postage stamp to one dollar. They also plan on introducing community mailboxes in urban areas which previously had door-to-door service. All of this is aimed at a eliminating the operations loss or at the minimum reducing it significantly so that there is less burden on taxpayers.
A team at MIT has come up with a new device that could revolutionize the clothing industry and also heating in buildings and even outdoors. The new product called Wristify is an invention by MIT students. It is a bracelet that cools or heats your body.
Can you imagine sending a robot to your work place to represent you at work! This is called, Virtual Presence Through Robots. The robot could even have the same facial image as you! He or she or iI guess it would look like you and be your eyes and ears at the office. Employees would be connected to their virtual robot and be able to see and hear everything while at home or on the other side of the world. This is really futuristic and it would take a lot of adaptation by everyone involved.
We watched a show last night about Person of Interest. Not the show or series that is actually called by that name, but another one called 20:20 last night. It is a news show that does video narratives about a variety of topics. Last night they covered an interesting topic that looked at the subject of combining video surveillance with computing technology. This technology automatically identify people for various reasons.
Europe vs. Asia vs. The West? Some people might think that this is off the wall. However, please read this post and provide your opinion. If you divided the world into three competing super power areas, Who do you think they would be and who do you think would be the most powerful? Would it be the United States or China or an amalgamation of the countries of Europe? Perhaps India and the African countries? Who will win the economic War?