3 ms·
>Families at the 90th percentile saw their wealth grow by 54% between 1989 and 2013. >Those at the 50th percentile only experienced a 4% rise during the same p
by tdkl 10y ago
>Families at the 90th percentile saw their wealth grow by 54% between 1989 and 2013.
>Those at the 50th percentile only experienced a 4% rise during the same period.
>And those at the 25th percentile actually saw their wealth drop by 6%.
Trickle-down economics my ass. Also the western middle class got hit the most by globalization [1].
[1] https://hbr.org/2016/05/why-the-global-1-and-the-asian-middle-class-have-gained-the-most-from-globalization https://hbr.org/2016/05/why-the-global-1-and-the-asian-middl...