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The US Middle Class Is Doing Fine. Why Are They So Worried?
Big Take
Is the American Middle Class Still Relevant?
We have corporate profits that are really high. A lot of that money is going to shareholders in the form of stock buybacks and we're minting a whole lot of billionaires. Yet some of that profit could potentially be going to increase wages which would then elevate people possibly into the ranks. The sad fact of the American economy is that when times get tough, it's usually the people at the bottom of the economy who suffer most. It's that pathway to the middle class that gets broken.
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