Last year, the RAND corporation, a nonpartisan think tank, released an eye-popping study that found that the wealthiest Americans have taken some $50 trillion from the paychecks of the bottom 90% of American workers over the past four decades.
This was a figure that put the last half-century’s growing inequality in stark relief. If you’re a median American wage-earner, you would have brought home more than $1,000 more every month had inequality simply stayed consistent from the 1970s through today.
Those numbers are disastrous for the American middle class.
When most non-economists talk about the middle class, we don’t mean the strict middle third of American household wealth……More Here
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