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Re:Americans Have Quit Quitting Their Jobs by rqtwteye on Thursday July 06, 2023 @11:22AM (#36617411)
"I know WSJ has coined the term "richcession" to describe the elimination of high paying jobs and their replacement with more lower paying ones."

"Middleclasscession" would be a better term although even harder to pronounce. It seems no matter what's happening, the rich will get richer, middle class and lower will get poorer. I still can't get my head around the fact that during COVID the top x percent doubled their net worth while most of everybody else lost out.

Re:Americans Have Quit Quitting Their Jobs by woobar on Thursday July 06, 2023 @01:24PM (#36619525)
It is hard to wrap ones head around something that did not happen.

Since Q120 net worth of top 1% (or top 0.1%, or top 10%) did not double. In fact the growth was slower than the bottom 50%. [1] There is huge inequity, and absolute numbers are in favor of super rich. But there is no need to invent your own facts.

[1] https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr...