What are the middle class? the 50%? 60%? In the first place, middle class is not well defined. Perhaps Orwellian middle class is neither middle nor classy. It just define middle class as the 18% of outer party, between 80% of Proletarian and the 2% of outer party.
In term of wealth, guess which group is growing faster? The top 20% earners, defined by having more than $200,000 income. The middle class, in this case earning anything between $40,000 and $200,000, is shrinking fastest. If so, the definition will change “middle” class as the fastest growing demographic group.
The whole article perhaps has a fatalistic outlook, it is a we versus them analogy. Had not those entrepreneurs, working 60-70 hours per week, longer than most average person, is considered a working class as well?
And Microsoft did own by the public. The fact that Bill Gates doesn’t own Microsoft, is a testimony of a Public Market. It is not called “Public Limited Company” for no reason. It is now majority owned by the public, whose face unknown and many.
What are the middle class? the 50%? 60%? In the first place, middle class is not well defined. Perhaps Orwellian middle class is neither middle nor classy. It just define middle class as the 18% of outer party, between 80% of Proletarian and the 2% of outer party.
In term of wealth, guess which group is growing faster? The top 20% earners, defined by having more than $200,000 income. The middle class, in this case earning anything between $40,000 and $200,000, is shrinking fastest. If so, the definition will change “middle” class as the fastest growing demographic group.
The whole article perhaps has a fatalistic outlook, it is a we versus them analogy. Had not those entrepreneurs, working 60-70 hours per week, longer than most average person, is considered a working class as well?
And Microsoft did own by the public. The fact that Bill Gates doesn’t own Microsoft, is a testimony of a Public Market. It is not called “Public Limited Company” for no reason. It is now majority owned by the public, whose face unknown and many.