It has come to my attention that there are many people being laid off in the tech industry, and these people are upper middle class. Now it’s also come to my attention that it appears that most of those who are laid off are getting new positions at lower pay. It is also come to my attention that those who have student loans well start to have to repay them, taking a bite out of their income? Now this might be all right but a major problem for the economy is that this is a large group that has a larger discretionary income, then those in the bottom and in the middle of a middle class. Now just maybe people going on trips who are on the upper middle class will have to hold back. Those in this group who intended to buy homes in all likelihood, will have to hold back and possibly those in this group. They have to hold back on goin to fine dining restaurants.(hmm) Will this to a crimp in the economy? Will this have a trickle down effect with lay offs coming to the lower middle of income people? And if the lower middle income people have less or no disposable income it will it in all probability hurt the poor worker.
* The top dogs CEOs and owners are not effected and will not be effected for some times ( Though they may be later next year). And in fact appears to that there income ( or just there net worth appears to be going up.
** The poor workers income is going up but unfortunately there discretionary income has gone down or has stayed the same.
*** Why you have to look past the jobs report to see how the economy is doing for it doesn’t tell the whole story.
**** I know I don’t like calling any body middle class , but middle income…
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