3 ms·
This just isn't the case. And it dramatically isn't the case. This is a side effect of using the same category terms, but not talking about the underlying dist
by mjburgess 6y ago
This just isn't the case. And it dramatically isn't the case.
This is a side effect of using the same category terms, but not talking about the underlying distributions.
Eg., in the UK, 80% of the country were industrial working class or poorer until 1980s; and middle class only started at top 5%.
Today, the "industrial working class" level of wealth, is the bottom 20% at the very most.
So if you hold the class terms fixed, "middle class" it seems the 80s top 5% has "stagnated", only to fail to mention, it now 60% of the country.
If you hold the distributions constant, the wealth level acheived in the top 5% in 1980s is now a majority of the population.