"but the problem is that the middle class has all but vanished in America and what's left are the upwardly mobile upper-middle class and the working poor. When the top 20% have 85% of the wealth in America, the other 80% are left to fight over the crumbs."
Can you link to some evidence showing a slowdown in mobility? Also, I would assume a key metric to showing whether income inequality increase is a problem is to see whether the speed of improvement of standard of living is slowing or not. I'd like to see figures on this as well.
Can you link to some evidence showing a slowdown in mobility? Also, I would assume a key metric to showing whether income inequality increase is a problem is to see whether the speed of improvement of standard of living is slowing or not. I'd like to see figures on this as well.