Current Events — HabitableZone

Current Events » in reply to "the middle class is history"

"Economists say 80 percent of net income gains since 1980 went to people in the top 1 percent of the income distribution- - - "

The past three decades have seen a momentous shift: "The rich became vastly richer while working-class wages stagnated. Economists say 80 percent of net income gains since 1980 went to people in the top 1 percent of the income distribution, boosting their share of total income to levels unseen since before the Great Depression."

You guys have been doing well since you were in college. The transfer of wealth is proceeding apace.

And Huxley can rest assurred the wealthy have found a way to convince some middle-class people to work against themselves. The Norwegians during WWII developed a word for that, the propensity to work against your own.

Arf

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