Middle Class In Top 10 Cities Will Collapse - As Significant Shortages F...

The middle class earns one third of adjusted gross income and have college degrees. The bottom third of AGI holders are 77% of the population. They are suffering, but not collapsing, because they have no where else to go. How we adjust salaries for inflation is what makes their situation continually worse, since prices chase the median dollar of income (not the median household). Percentage adjustments magnify inequality. Fixed dollar adjustments at all levels diminish inequality. We will do one or the other. If we could preserve current inequality, we would be committing an evil act because the intention is evil.