We can see the middle class shrinking over the years. Here is Pat Buchanan’s take on how it happened.
Since 1990, some 30 to 40 million immigrants, legal and illegal, have entered the country.
This huge increase in the labor force, at the same time the U.S. was shipping factories abroad, brought massive downward pressure on wages. The real wages of Middle Americans have stagnated for decades.
What was wildly wonderful for Corporate America was hell on Middle America. But the Republican Party had made its choice. It had sold its soul to the multinationals. And as it went along with NAFTA, GATT, fast track and mass immigration, to appease Corporate America, it lost Middle America.
Dagny's Desk 