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rayinertoday at 2:00 PM1 replyview on HN

No economy is K shaped. The vast majority of US income (78%) is earned by people outside the top 1%. It was as high as 90% during the bad economy of the 1970s. Since 1975, real GDP per capita has increased by a factor of 2.8. So the proletariat have 12 percentage points less of a number that’s 2.8 times bigger.


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Ygg2today at 4:42 PM

Sure there are. US economy is K shaped. You either become rich or end up poor.

It's economy geared for the rich. Where poor only exist to give rich a confidence boost.

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