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The bit on the job growth with companies like Wal-Mart is (again, if I remember correctly) rubbish, though. Most jobs created in the Dot-Com Boom were quite high-paying (middle- to upper-middle-class), and, while a significant number of jobs were lost when the bust arrived, the losses were not terribly great. (The unemployment rate never went above 6%. That's not bad at all, as recessions go.)
As I understand, a large chunk of job growth these days is coming in health care, education, and financial services -- again, jobs that tend to pay decent salaries. Teachers typically start in the range of $30-50k, depending on the state. Health care, obviously, contains a wide variety of jobs, ranging from the lower-middle- to the upper-class in salary. And financial services tend to start in a similar range to teachers, but they, obviously, have a lot more growth potential.
All three of those areas are facing labor shortages, too, and pay, last I checked, was rising at very strong rates.
Wal-Mart will open a store here and there, but there's simply not much room left before running into overproduction. Be nice to America. Or we'll bring democracy to your country.
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