Here's The Catch
One reason that your average American might still feel like the economy isn't working out for them has less to do with fallout from the recession and more to do with a long-run trend. Globalization has led to stagnant incomes for middle-class workers worldwide as lower-income people — who mostly live in developing countries like China and India — and the very rich advanced.
"If you dropped out of high school, you're competing globally for wages, and there's not really a lot of upside right now,'' said Scott Brown, chief economist at Raymond James Financial Inc. in St. Petersburg. On the other hand, "people graduating from college are getting multiple job offers. It's still very much a mixed bag.''