economics ethics

[Maine Progressive]

I'd give attribution if I knew where it came from. Perhaps Schulz, but maybe someone using his characters. Anyway, it pretty much says it all.

 

[Akita Suggagaki]

I certainly agree.

The K-Shaped Economy: How Many Americans Are on the Bottom Arm—And Why It’s Getting Worse​

https://www.cbsnews.com/news/k-shaped-economy-low-middle-high-income-households/

• A Moody’s analysis shows U.S. spending growth since the pandemic has come almost entirely from the wealthiest households, with the bottom 80% merely keeping pace with inflation. Chief economist Mark Zandi warned that the economy is increasingly “tethered” to the top earners, whose wealth continues to surge, while retail sales remain resilient despite weaker job growth and higher prices. The economy's prospects are reliant on the 'fortunes of the well-to-do' says Moody's, if the ultra-rich get nervy that means recession | Fortune