This is terrible and wrong. The middle class haven't gotten "poorer" for forty years, they've just grown less quickly than the richest - based on the phenomenon Paul pointed out.
What's happened is the uber-rich are becoming hyper-rich due to tech, and in RELATIVE terms everyone else is growing less quickly.
But that's literally exactly what you'd expect and it doesn't harm them one iota - the cheaper and more plentiful tech, however, helps them.
What's happened is the uber-rich are becoming hyper-rich due to tech, and in RELATIVE terms everyone else is growing less quickly.
But that's literally exactly what you'd expect and it doesn't harm them one iota - the cheaper and more plentiful tech, however, helps them.