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by andsoitis
10 days ago
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> 100 years ago, the middle class' purchasing power is far bigger.
Compared to 50 years ago, the middle class is getting poorer. What’s your data source? Keep in mind that the modern, mass middle class was created in the mid-20th century through government policies and post-WWII economic growth. |
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https://spp.ucalgary.ca/sites/default/files/teams/1/Publicat...
All the growth in our economy since the 70s has been captured by the richest. If purchasing power is a finite ressource, we're getting squeezed out by the 10%.