alt Hacker News> > Economic decline
> The middle class is shrinking, but the upper and upper-middle is growing.
Growing is size maybe, but the middle and lower classes are both getting much richer.
> > Economic decline
> The middle class is shrinking, but the upper and upper-middle is growing.
Growing is size maybe, but the middle and lower classes are both getting much richer.
> Growing is size maybe, but the middle and lower classes are both getting much richer.
This is an illusion caused by poor measurement. You can argue all you want about how much a pickup truck's safety/bell and whistles have improved, but from the 60s - 80s, a day laborer carpenter could purchase a new truck on a third of their salary. Now a truck that serves the same function is 1.5x their salary.