It's difficult to see a future for the middle and working classes.Hysterical reaction aside, there is some value in looking at the numbers and pondering them. Read more about umair's comments here and the actual news item here.
Note that most of this is a classic case of saving capitalism from the capitalists. The gains in this case (as has been very nicely documented in the last year or so) are being appropriated not just by capital, but by the few at the very top of the capital food chain - most of whom see absolutely nothing wrong with this picture.
I will keep my blog posts clear of political bias by choice. So these posts are meant to be purely informational in nature.