The middle class has not achieved advanced academic degrees by any effective percentages is the factor that excludes the weak economic improvement for the middle class in developed countries.
“Broad societal changes and technology and the decline of unions and the role of globalization — all these things have fit into what we observe as the shrinking of the middle class and the shift of income to upper-income households.” The reasons that would contribute include the following:
1. Benefits of trade need to be more fairly distributed across economic classes.
2. Owners of factories and manufacturing facilities, laid-off workers when the economy became tight, sending jobs overseas.
3. Trade does not affect all individuals equally in developed countries.
4. It became more difficult to borrow money during the recession, helping to get through tight financial times.
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