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My idea is that the U.S. middle class does not slowly decline and erode from the early 1970s forward. Because a declining middle class makes for a meaner meritocracy in which we're more eager to blame people for the consequences of their own bad choices.
Rather than the view, okay, people sometimes make bad choices, no need trapping them permanently. And even the view, sometimes people just get unlucky, and make the best choice at the time.
Economics ripples through society, in a number of different ways.
Please tell me what you think about this and/or other possibilities. Thanks.