KenH
Well-Known Member
"The latest round of economic data details how an already-vast divide between those at the top and the bottom is widening.
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The K-shape to our economy is no longer just a story about the divergence between those at the very top and the very bottom of the economy; it is a statement on the widening gap between those at the top and everyone else.
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Not surprisingly, few Americans feel certain and in control today. They lack the two fundamental elements necessary for confidence. Instead, most feel powerless in a world that feels highly unpredictable. Moreover, those feelings extend to many aspects of their lives. Those at the bottom experience “stacked vulnerabilities.” They are anxious about their jobs, their finances, their healthcare, not to mention the rising costs of childcare, housing, and food.
...
America's greatest divide today is not left to right but up and down."
- rest of article at Our K-Shaped Economy Is Worse Than You Think
...
The K-shape to our economy is no longer just a story about the divergence between those at the very top and the very bottom of the economy; it is a statement on the widening gap between those at the top and everyone else.
...
Not surprisingly, few Americans feel certain and in control today. They lack the two fundamental elements necessary for confidence. Instead, most feel powerless in a world that feels highly unpredictable. Moreover, those feelings extend to many aspects of their lives. Those at the bottom experience “stacked vulnerabilities.” They are anxious about their jobs, their finances, their healthcare, not to mention the rising costs of childcare, housing, and food.
...
America's greatest divide today is not left to right but up and down."
- rest of article at Our K-Shaped Economy Is Worse Than You Think