Middle class getting squashed

 

But do you know what history has taught us right before a capitalist economy comes to an inevitable end? Those in between get squashed.   Take a look at this chart that shows the middle class's share of income over the past 30 years:

​Since the advent of the internet, middle earners have consistently made less money than everyone else. In 2020, the trend temporarily reversed, but that was just an outlier due to stimulus checks.  Same with accumulated wealth.

Is it a coincidence that the middle class began to shrink right when the internet took off?  A.I. will be the tipping point that finishes them off.