The Core

Why We Are Here => Economics & Investing => Topic started by: Mackin USA on March 25, 2017, 11:58:32 AM

Title: 2000 to 2014, middle-class populations decreased in 203 of the 229 metro areas
Post by: Mackin USA on March 25, 2017, 11:58:32 AM
"In an economically divided America, Walmart has tried to sell not only to shoppers looking for extreme discounts, but also to shoppers with higher incomes seeking higher-quality items.

Walmart has been working to increase its sales to more affluent customers for years, especially in e-commerce."

https://beta.finance.yahoo.com/news/walmarts-latest-move-confirms-death-173551843.html
Title: Re: 2000 to 2014, middle-class populations decreased in 203 of the 229 metro areas
Post by: ergophobe on March 26, 2017, 05:07:19 PM
There is a strong bias in the media and academia to studying metro areas. There are obvious reasons for that (you need a population to study, you need a population to buy your publication, etc) and less obvious reasons (cultural blinders because most media companies and research universities are in metro areas).

All of that to say that I'd like to see the study that covers 229 rural areas and see how the middle class is doing there.  I bet there's been a decrease in middle class population in 223 of those areas.
Title: Re: 2000 to 2014, middle-class populations decreased in 203 of the 229 metro areas
Post by: ergophobe on March 26, 2017, 05:27:20 PM
I rest my case