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Here's how they fool the masses.
Take GDP, deduct inflation, deduct borrowing (no one is richer because they're maxing out their credit cards), deduct the slice taken by the top 5% including that sent to tax havens. Then divide that per capita.
The last 100years in the West has seen a huge leveling of the playing fields among the rich and poor. This is only happening in the West and only in the last 100 years. It has no claim to be the norm because it's not normal.
Go around and see how most of the World lives with huge gaps between the rich and poor, with small middle classes. Go back 200 years and compare the wages of a worker and his employer.
If the rich buy cars that cost 5 times more than they do now and sell 80% less. They're on the same income. If the workforce costs the same as it did in 1816, his income is greater.
Scary? Run those graphs Barry showed forward 50 years and include China taking more jobs, including high skilled ones and automation taking the rest. Except those like waiters and butlers. Plus those selling to the masses, whoops sorry Walmart own those.
Those who think it can't happen. Show why.
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