The Middle Class Squeeze.

Many economists including Steven Roach and Larry Summers are pointing out that there could be backlash against globalization as labor continues to suffer at the expense of the holders of capital. Recent papers and surveys support this view. Maybe a bit surprisingly Wal-Mart actually fired the first salvo of the New Year by introducing its new work schedule. Oh, and Wal-Mart's stock was up 3% against a 1% rise in the market.