06-15-2011, 03:29 PM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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Intermittently, due to economic condition, there have been declines in the working middle class of many Western nations ? this began in the late 1960s ... If you are just realizing this now you're a bit late.
In the industrializing world, in the past 10 years there has been a rise in the worker's compensation value and the formation of a new middle class ? a middle class in name only with real net earnings "middle class" only in proportion to their local standards. e.g., the emerging Chinese middle class.
Henry Ford said, ?One?s own employees ought to be one?s own best customers.?
Even if we could sell one porn movie a month to 250 Million Chinese middle class workers the profit would not replace the loss of revenue in the Western middle class markets.
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