BBS Book Thingie: Capital in the 21st Century. Discussion Week 8 (Chapter 7) — Inequality and Concentration: Preliminary Bearings

Right… and I’m wondering if he’s leaving out part of the equation? Inflation and the cost of living. Sure, the (remaining) middle class have more income, but how much do they have going out to pay for BASICS in life (not even luxury goods)… I swear just buying groceries have increased a fair amount in the past decade. That’s a huge problem for many people.