The Myth of the K-Shaped Economy (opens in new tab)

The corporate press has a new obsession, the so-called K-shaped economy. This metaphor is meant to describe a system in which one group of people, represented by the top, inclining line of the K, watches their fortunes rise as the other group’s fortunes fall. The idea is that Americans who are already doing well financially are doing better, while conditions worsen for those already struggling to make ends meet. The post appeared first on <a href="