It's a natural part of capitalism....during the Reagan years we saw the most the creation of the "upper middle class" = more people moved from middle to upper class. It was quite remarkableWhere does the middle class come from?
Is it a natural product of capitalism, or is it created by society?
New Deal policies built middle class
"Those New Deal policies were responsible for creating the greatest middle class the world has ever known. That middle class that Roosevelt’s New Deal created remained strong through the 1940s, 1950s, 1960s, and 1970s."
The Reagan expansion years marked a period of economic progress for middle class Americans. Middle class income increased 11 percent after adjustment for inflation, while nearly 20 million new jobs were created
The Reagan expansion years marked a period of economic progress for middle class Americans. Middle class income increased 11 percent after adjustment for inflation, while nearly 20 million new jobs were created
The percentage of households in the low income category dropped during the 1980s. This group comprised 27.5 percent of all households in 1980, 28.5 percent in 1982, and only 25.3 percent by 1989. As a share of all households, the proportion of those with low incomes became less prominent by the end of the 1980s. Meanwhile, the percentage of households with incomes over $50,000 jumped from 17.6 percent in 1980 and 1982, to 23.5 percent in 1989. This remarkable increase in the proportion of high income households is another sign of solid income growth.