US politicians invariably bemoan trade as the enemy of the middle class, the major source of pressure on jobs and wages. The current presidential campaign is no exception: Republicans and Democrats alike have taken aim at both China and the Trans-Pacific Partnership, holding them up as the scourge of beleaguered American workers. While this explanation may be politically expedient, the truth lies elsewhere
https://www.project-syndicate.org/commentary/low-saving-rate-weakening-us-middle-class-by-stephen-s--roach-2016-05
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