There's a growing concern about the Middle Class in the United States, as reflected in a recent Wall Street Journal article that includes statistics showing the increasing lack of cash experienced by those who make between $53,000 and $161,000 per year.
Dallas employment attorney Steve Trusevich says it began with the shipping of jobs overseas, many of which were high paying by today's standards, but when combined with the rise of artificial intelligence, a storm of middle class job changes is brewing.
When people talk about the "hollowing out of the middle class," what they're really talking about is, "where did the manufacturing jobs go that really developed the middle class in the 1970s, whether it was Detroit and the car makers, or what they call the Rust Belt, which used to be the steel belt?"
Changing job market conditions, altered job descriptions and market confusions are fueling uncertainties, especially for those in the lower half of the middle class.
"You're getting a lot of pink slips where men and women are losing that middle income and it is shrinking and polarizing," Trusevich says.
His message: Workers of all types should begin reading and researching and planning for future job markets today, because the changes are emerging in real time.
"It's not years from now or decades from now, it's really a year, two years, three years at the most."