Can America Afford Innovation?

In USA the discussion on the disappearance of the middle class is ongoing, but also in Europe and other developed nations many people looking forward to the impact of new technologies warn about this possible trend of disappearance of middle-income jobs. In an article in Slate, Matthew Yglesias analysis the feed-back that would have to innovation. How can you continue to innovate if there are only low-paid and very high paid jobs? Who will do the research/development/innovation? Read the article here