New data: global wealth rises, inequality falls
axios.com
axios.com
cough hack bullshit cough
Seriously though. I work in tech. I do alright. I'm watching many of my non-tech friends struggle. Like really struggle. And these aren't lazy folks. It's hard to ignore.
The rich stay rich but the more and more zero sum resources allocated to the first world working class are being distributed to the entire world now.
As the billions of third world people continue having irresponsible amounts of children to expand to the new resources given to them.it becomes impossible for most first worlders to compete and everywhere becomes third world.
So it may not be as good of a thing as it seems.
Its funny the recent middle class is actually an abberation throughout most of human history.
Most of human history has been the rich with their foot on the neck of the poor.
So Indian and Chinese 1%ers are catching up to Western 1%ers. That doesn't imply any meaningful change for the rest of the population.