3 ms·
I accept the criticism in name but cannot invalidate a lived experience just because it has not been quantified accurately. > majority of that middle class mov
by srean 5mo ago
I accept the criticism in name but cannot invalidate a lived experience just because it has not been quantified accurately.
> majority of that middle class moved on to the upper class
Is this true in the US in inflation adjusted terms ? Can say that it is certainly reversed direction in my country.
- crossbody 5mo agoYes, people are getting wealthier in real terms, including the poor. Especially if you quantify it the right way: absolute consumption/expenditures, not relative % from median income (relative count will always show there are poor people even if they would appear insanely "rich" to a poor person from 100 years ago or from Afghanistan). On lived experience: my lived experience tells me the Earth is flat.