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November 2, 2015 02:19 pm PST
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/Qf3l8cGqfvw/as-americas-middle-class-col.html
As America's middle class collapses, no one is buying stuff anymore
From Walmart to Hershey to Campbell's Soup, America's biggest retailers and manufacturers are warning their shareholders that flat growth is a fact of life because of "consumer bifurcation," which is plutocrat-speak for "everyone is broke except the one percent." The companies' plan for rescuing themselves is to turn themselves into luxury brands targeted at the wealthy. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/Qf3l8cGqfvw/as-americas-middle-class-col.html
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