The Middle Class Is Steadily Eroding. Just Ask the Business World. – NYTimes.com

The Middle Class Is Steadily Eroding. Just Ask the Business World. – NYTimes.com.

In Manhattan, the upscale clothing retailer Barneys will replace the bankrupt discounter Loehmann’s, whose Chelsea store closes in a few weeks. Across the country, Olive Garden and Red Lobster restaurants are struggling, while fine-dining chains like Capital Grille are thriving. And at General Electric, the increase in demand for high-end dishwashers and refrigerators dwarfs sales growth of mass-market models.

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