Monday, September 03, 2012

Labor Day 2012 -- the decline of the middle class.

Labor Day 2012 -- The Decline of the Middle Class

When I took this photo in the window of Tiffany's on New York's 5th Avenue, it was the spring of 1981, and the Regan Revolution was just getting started. The erosion the middle class was just beginning to get underway. The gap between rich and poor, the two "bag ladies" in the photo, could still be represented by an empty place on a park bench. Today it's become a chasm bigger than the Grand Canyon.

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