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wasoxygen  ·  2953 days ago  ·  link  ·    ·  parent  ·  post: Everyone in America is More Broke Than You Think - What About You, Hubski?

    Given that income and wealth have accrued at the top fast than the growth rate of the economy, some of those gains have come at the expense of people lower down

Purely theoretically, I don't see why that follows. The economy at large grows at, say, 5%. Those at the top enjoy gains of 20%. Those in the middle have gains of 4%. Those at the bottom have gains of 1%. Everybody wins, unless by "at the expense of" means "some people don't win as much as others."

Thanks for the link, I'll check it out. Maybe it will scratch an 862-day-old itch.