2 ms·

Economic inequality (and erosion of middle class) is water to populists' mill. We have living examples of this right now.

• missedthecue 6y ago
  My issue with statements like this is that there is no such thing as the "middle class". It's a political concept, not an economic one. It has no definition. Furthermore, if you try to define it the way is usually defined - as the people making between x% of the median - it is mathematically impossible for it to shrink so long as the population continues to grow.
  • cbnotfromthere 6y ago
    there is no such thing as the "middle class". It's a political concept, not an economic one. It is absolutely an economic concept. It has no definition. It absolutely has a definition - a very clear one: the middle class contains anyone who repeatedly ends up every month with disposable money after all their expenses are paid. Furthermore, if you try to define it the way is usually defined - as the people making between x% of the median Nobody except yourself defines middle class they way you claim. https://yourlogicalfallacyis.com/strawman https://yourlogicalfallacyis.com/strawman