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To: Dennis Doubleday who wrote (65614)6/23/2004 1:21:22 PM
From: Lizzie Tudor  Respond to of 77400
 
It is easy to see why those in the investor class think things are just fine, though.


I don't think so personally, because I think the "investor class" was really mostly white collar professionals. We don't really have an investor class anymore- just the group of investors that existed prior to the 90s really. John Zogby on one of the local stations said the investor class, people who identify themselves as investors, has dropped by 75% according to an 03 poll. Of course the numbers might improve again if we get a better market



To: Dennis Doubleday who wrote (65614)6/23/2004 7:42:22 PM
From: RetiredNow  Respond to of 77400
 
Interesting article.



To: Dennis Doubleday who wrote (65614)6/24/2004 9:34:30 PM
From: Paul V.  Read Replies (1) | Respond to of 77400
 
Dennis, >Wage growth is lagging inflation.. . .It is easy to see why those in the investor class think things are just fine, though.<

My thoughts exactly. However, with the internet, globalization and outsourcing I can not see any alternative. The wages in the US will probably be stagnant until the wages come up in India and China which will be many year, IMO. I can see two classes emerging, the investor class and the working class who make lower wages. The middle class (those making around $100,00 salary) that we knew it will probably be reduced in size.

Paul