>The only thing that matters is if there are more or less poor people, and how poor are those people compared to similar percentiles in the past. People who ar

>The only thing that matters is if there are more or less poor people, and how poor are those people compared to similar percentiles in the past. People who are beating the drum about inequality are arguing this; isn't this what the elephant chart shows? For the American middle and working class they are as poor, if not poorer than their contemporaries in the 60s. The plain argument is that productivity growth has exploded since the 70s, but wage growth has stagnated. People are producing more but being paid less; that might not be outright theft but I think people are beginning to understand that something isn't right.