There are four structural drivers behind the soaring costs of the - TopicsExpress

There are four structural drivers behind the soaring costs of the middle class lifestyle. Why have the costs of a middle class lifestyle soared while income has stagnated? Though it is tempting to finger one ideologically convenient cause or another, there are four structural causes to this long-term trend: 1. Baumol’s Cost Disease 2. Systemic headwinds to the current version of capitalism 3. Dominance of global corporate capital 4. Financialization #MiddleClass #Financialization #Debt #Costs #GDP #FedUpUSA

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