3 ms·

This is a useful graph: https://img.washingtonpost.com/blogs/wonkblog/files/2016/06/wonk-globalincome0625-1.jpg https://img.washingtonpost.com/blogs/wonkblog/fi

This is a useful graph: https://img.washingtonpost.com/blogs/wonkblog/files/2016/06/wonk-globalincome0625-1.jpg https://img.washingtonpost.com/blogs/wonkblog/files/2016/06/... I think the argument is basically that free trade redistributes working class incomes to the poorer countries that they trade with. I am not endorsing this idea, I know nothing about economics, but I don't think I've seen another explanation for this particular inequality.

toomuchtodo 10y ago
http://www.npr.org/sections/thetwo-way/2015/12/09/459087477/the-tipping-point-most-americans-no-longer-are-middle-class http://www.npr.org/sections/thetwo-way/2015/12/09/459087477/... > A just-released analysis of government data shows that as of 2015, middle-income households have become the minority. The trend is so firmly established that it may well continue; Americans have experienced "a demographic shift that could signal a tipping point," Pew researchers concluded Wednesday.