Here’s more evidence the middle class is dead/dying
Via here:
Inequality
Your name can keep you on top of society for 28 generations
Thomas Piketty got a lot of attention, both good and bad, for his latest book. If you’ve never read it (admittedly, I have not either), the central idea is that, in capitalist economies, wealth will naturally concentrate in the hands of a… Continue Reading
The Martini Report on affluent consumers will make you gauge your fucking eyes out
Here’s a rundown of The Martini Report on Slate; the article originally appeared on Inc, though. The headline might as well be: “Rich People … They’re Just Like Us!”
In big U.S. cities, the middle class is dead
Probably no entity in American life has been scrutinized more than the middle class — they rise, they’re left for dead, they rise again, they die again, etc. It’s almost comical sometimes. But in reality, especially after the 2008 downturn,… Continue Reading
Jay-Z offers one of the best summaries of The War on Drugs
I went to Montreal for New Year’s Eve 2008 to 2009. First word of caution: don’t go to Montreal for New Year’s Eve. It’s a beautiful city and it has a tremendous food/beer culture, but … on December 31 of a given… Continue Reading
Inequality in New York City is equivalent to Swaziland
I’m from New York City. To be more specific, I’m from the Upper East Side. It’s a mostly affluent area. My zip code growing up was 10128, which always makes those “richest zip codes in the United States” lists; in… Continue Reading
Income inequality is eroding human trust
The notion of “haves” and “have-nots” may erode our entire social fabric. Continue Reading
Between 2006 and 2012, income inequality increased in 226 U.S. metros
If you’re trying to figure out where exactly the Great Recession (or “Downturn”) of 2008 did the most damage in the United States, one way to explore that would be to look at rising inequality rates. After all, in downturns the rich… Continue Reading