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this post was submitted on 17 Jun 2023
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The people who think this apparently think the middle class lived differently than they actually did in the 1970s. I am solidly poor and lower class and I live better than middle class people did then.
Servers and service workers weren't saving up and flying to Europe or South America back then.
And while poverty has increased and the middle class has shrunk, that isn't necessarily because of income inequality. They are two different things. There is not a set amount of money or wealth that is divided up.
They still aren't. They're barely keeping roofs over their heads, let alone taking expensive vacations.
I can't think of any other plausible explanation.
I worked as a server and in coffee shops and yes, they most certainly are. Not all, but plenty. People generally fly to other countries much, much more than they used to. It's not just the wealthy any more, at all.
undefined> I can’t think of any other plausible explanation.
Housing is scarce and much more expensive for starters. Middle class people like using housing as an investment and vote to keep housing scarce because of that. It's not just the .1% that are voting for those policies.
China has a whole lot more income inequality too but much less poverty and a much larger middle class than before. The world as a whole does. Those two dynamics are not that related. Income inequality can grow whether the middle class is growing or not and can grow or decline whether there are more people in poverty or less.