Restaurants like Olive Garden and Red Lobster are struggling, while high end dining is flourishing.
At GE, demand for high-end dishwashers is racing ahead of sales growth for mass-market models. This leaves the question, what happened to the middle class? Generally the Middle-Class is thought of as making less than $100,000 a year, but middle-income distribution isn’t close to that. Many of our middle class skilled workers are being sought in emerging markets. The global middle class for emerging markets starts at $10 a day.