Arianna got it right this time – Shorting The Middle Class:
“Thirty years ago, top executives at S&P 500 companies made an average of 30 times what their workers did — now they make 300 times what their workers make. And between 2000 and 2008, the poverty rate in the suburbs of the largest metro areas in the U.S. grew by 25 percent — making these suburbs home to the country’s largest and fastest-growing segment of the poor.”
- Further Reading:
- The American Middle Class
- The World Reports on the Death of the Middle Class
- The American Jewish Middle Class is in Play