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Income inequality begins to hit business in the pocketbook

Income inequality begins to hit business in the pocketbook

There's a new element in the debate over U.S. income inequality, and it's one that may actually get our political leadership talking about ways to address the issue: businesses are beginning to notice that their middle-class customers have disappeared.

The consumer market is beginning to look like a sandwich without meat in the middle--there are enough wealthy customers to keep the luxury market humming along, and a growing demand for cheap no-name and other bargain products. 

The phenomenon has been reported by

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