Thomas Piketty said in his
April 2024 › Forums › General discussion › ‘Middle Class’ decline mirrors fall of unions in one chart (US) › Thomas Piketty said in his
November 24, 2016 at 2:15 pm
#96871
Subhaditya
Participant
Thomas Piketty said in his book Capital in the Twenty First Century that USA will be the first developed country to lose its middle class (middle 40%) then some time later European countries will follow suit finally Scandinavian coutries will lose theirs… but he also believed before that transpires huge political unrest will take place… it will not happen peacefully.All their wealth will trickle up to the 1%, the middle class will lose ownership of their houses.