The whole oil thing doesn't surprise me too much but I think the middle class thing is a relative measurement.
I believe the only way to make the standard of living of the middle class unsustainable with their relative incomes is to decrease the real income for this class.
Inflationary pressure from an increasing cost of living will also affect wages unless they can figure out a way to either decrease the demand for the skills these people have or increase the supply of people in the middle class workforce.
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