American Middle And Lower Class Now Lagging Canada, Europe

As US President Barack Obama is engaging in another free trade agreement in Asia – agreements accused of lowering wages for Americans and creating negative trade imbalances – the US middle class is, for the first time, losing its distinction as the wealthiest. Lower salary increases in US A New York Times analysis highlights the fact that lower- and middle-income categories have received noticeably lower salary increases over the last three decades when compared to their Canadian and European counterparts.  Median income in Canada tied the US in 2010 and has most likely surpassed it since, the report stated, with…