This is disheartening because, according to the article, we are still the world’s richest nation.
Where is the money going then if not to the huge middle class, the upper middle class or lower-middle class? It’s increasingly going to the top 1%! I fully believe that those who start or successfully lead companies and take the greatest risks, should be duly rewarded. This is after all a free-market economy. However, there needs to be more balance in the equation or the entire system will break down.
This is not about being number one in the world, it is about working harder and having less and less to show for it. People are growing tired of this inequity and it needs to be addressed.
Article By David Leonhardt and Kevin Quely