Falling middle class income

Executives talk about cutting expenses. They claim that this is good for us. Well, here is what we are seeing. Mainly it is falling middle class income. People do not makes as much now. Like they are working longer hours, but taking home less pay. Sadly, many have their hours cut on top of being paid less in their hourly wage. OK so as a result there is less demand for needed good and necessary services. This is because people have less money. Most are buying only what is very necessary.