Not Just the 1%: The Upper Middle Class Is Larger and Richer Than Ever (WSJ.com) The paper claims the upper middle class has grown from 12.9% of the population in 1979 to 29.4% in 2014–in essence, the shrinkage of the “middle class” is not just from households dropping down the ladder but millions of households climbing up to the upper middle class.
A Radically Beneficial World: Automation, Technology and Creating Jobs for All is now available as an Audible audio book.
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Contributed by Charles Hugh Smith of Of Two Minds.This post was originally published on this site