Changing, but not for the better

Richard Sennett had a depressing article in yesterday's Financial Times about the middle class in the new economy of the 21st century. Basically, the middle class is starting to disappear from this economy. Incomes are no better than they were fifteen years ago. Company benefits are disappearing. The focus on the moment means that long service and loyalty are no longer valued. Work is focused on projects that are usually short-term. The idea of building a career with one or two companies is gone.