That’s true of Russia 🇷🇺 and China 🇨🇳, where the wealth gap is even wider.
We really need someone to impartially run the numbers on this to explain how this is and how it happened.
Nearly all of the “decline of the middle class”, is bexause people have been entering the upper middle class, which by definition decreases the size and wealth of the middle class.
This is a good thing, not a bad thing.
I mean if the rich invest qnd grow and the poor save and get eaten by inflation and necessities. Then the rich will get richer and poor will get poorer.
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That’s true of Russia 🇷🇺 and China 🇨🇳, where the wealth gap is even wider.
We really need someone to impartially run the numbers on this to explain how this is and how it happened.
Nearly all of the “decline of the middle class”, is bexause people have been entering the upper middle class, which by definition decreases the size and wealth of the middle class.
This is a good thing, not a bad thing.
I mean if the rich invest qnd grow and the poor save and get eaten by inflation and necessities. Then the rich will get richer and poor will get poorer.