GDP is going up. We are not in a recession. That's not what I'm talking about.
Nearly all of the gain is being captured by a very small and apparently shrinking number of winners, while the majority are seeing flat to negative real growth.
It's not all bad news. There's never been more opportunity for entrepreneurs and people at the higher end of the skill or wealth curve. But the death of the middle is a trend that can't continue much longer until it drags down the rest of the economy and our entire civilization with it. How can you be an entrepreneur if there are no customers?
Nearly all of the gain is being captured by a very small and apparently shrinking number of winners, while the majority are seeing flat to negative real growth.
It's not all bad news. There's never been more opportunity for entrepreneurs and people at the higher end of the skill or wealth curve. But the death of the middle is a trend that can't continue much longer until it drags down the rest of the economy and our entire civilization with it. How can you be an entrepreneur if there are no customers?