Elizabeth Weise

What can parents and communities do to create socioeconomically integrated schools?

The Middle Class Is Steadily Eroding

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G.E. Appliances’ fastest-growing brand is its Café line of refrigerators and other appliances, which is directed at the high end of the market. CreditAngela Shoemaker for The New York Times
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In Manhattan, the upscale clothing retailer Barneys will replace the bankrupt discounter Loehmann’s, whose Chelsea store closes in a few weeks. Across the country, Olive Garden and Red Lobster restaurants are struggling, while fine-dining chains like Capital Grille are thriving. And at General Electric, the increase in demand for high-end dishwashers and refrigerators dwarfs sales growth of mass-market models.

As politicians and pundits in Washington continue to spar over whether economic inequality is in fact deepening, in corporate America there really is no debate at all. The post-recession reality is that the customer base for businesses that appeal to the middle class is shrinking as the top tier pulls even further away.

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Written by Elizabeth Weise

May 13, 2014 at 4:22 am

Posted in Uncategorized

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