MEGAN MCARDLE: Is the Middle Class really doomed? “I’ve now seen this video at several liberal blogs, and someone has to stop it. Apparently, that someone is me, since no one else has stepped up. . . . As you can imagine, this thesis is extremely beloved of liberals, who like its endorsement of more government benefits, while ignoring the fact that this could equally well argue for having women stay home.”
UPDATE: Reader J.D. Evans is unimpressed: “In response to whether the middle class is doomed: hasn’t this doom been looming for decades? Perhaps this question can be a sort of test for the many similar proclamations we constantly hear from the left.”
Well, it’s often used as an excuse for adopting Euro-style economic policies. But those aren’t helping the middle class in Europe.