Originally Posted by
TransWorld
Although I did not hear it called as such, 2-3 years ago, many were claiming a K recovery. “The rich are getting richer and the poor are getting poorer.” Before COVID-19, the facts were those at the low end of the income were getting a higher percentage of income increases than those at the top end. Those typically chronically underemployed groups were seeing all time record low unemployment rate. Food for thought.
That is typical late in an economic cycle. Look at the situation right now, the rich have been made whole while the bottom third are experiencing unemloyment at historic levels. Trickle was the key word in "Trickle Down Economics"!