The Top 10% Is Doing Just Fine, The Middle Class Is Dying on the Vine
Published: February 9, 2021
Please study these charts as a means of understanding the inevitability of economic stagnation and a revolt of the decapitalized middle class.
I've been covering the decline of America's middle class for over a decade with charts, data and commentary on the social depression that has accompanied the decline.
While there are many mutually reinforcing dynamics in this 45-year decline--demographics, global energy costs, financialization and globalization, to name a few--
one term describes the accelerating erosion of America's middle class:
decapitalization.
labor (wages) and