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Why are middle-class jobs vanishing in the United States? Everyone has pet theories to explain the nearly universal anxiety in the middle class about the economy and jobs. "Water cooler" analysis often points to such factors as Chinese imports, illegal immigrants, unions, or high taxes and regulations.
However, these factors are actually not causes, but effects. The reality is, America is in another transition, from a knowledge-based economy, to a more government-related one. Normally, free-market innovations are the impetus behind major structural changes in the economy, such as when we went from an agrarian to an industrial one. However, normal market forces ...
Source: HighBeam Research, A country in transition: if America would only reject the notion of...