Submitted by Mike Krieger via Liberty Blitzkrieg blog, The middle class has shrunk consistently over the past half-century. Until 2000, the reason was primarily because more Americans moved up the income ladder. But since then, the reason has shifted: There is a greater share of households on the lower rungs of the economic ladder. – From yesterday’s New York Times article: Middle Class Shrinks Further as More Fall Out Instead of Climbing Up At a packed session in Davos, former hedge fund director Robert Johnson revealed that worried hedge fund managers were already planning their escapes. “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway,” he said. zerohedge/news/2015-01-26/middle-class-evaporates-global-oligarchs-plan-their-escape-form-impoverished-pleb-ma
Posted on: Tue, 27 Jan 2015 04:22:45 +0000
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