In addition, a Walmart cashier, Starbucks barista or Uber driver does not have the same standard of living that a UAW member once did.
People are, on average, worse off than the preceding generations, all in the name of higher profit margins for the few.
>Across Western Europe and North America, the middle class is shrinking, according to a new report by the OECD. With each new generation, a smaller share of the population find themselves earning middle incomes.
When the Baby Boomers, who were born between 1943 and 1964, were in their twenties, some 68% were in middle-income households. Only 60% of Millennials, who were born between 1983 and 2002, could say the same at a similar time in their lives.
https://qz.com/1592826/the-middle-class-is-shrinking-generat...