Tech Is Permanently Redefining The Middle Class

I’m sure you’re all aware of the shrinking middle class. Living expenses are skyrocketing while wages are stagnating at best. To make things worse, we’re facing recession fears, high interest rates, and till recently, high inflation. People often blame capitalism and politics for this mess and they definitely play a role but a factor that people rarely consider is tech. In fact, I would argue that tech is one of the main culprits behind the shrinking middle class. You see, tech has created a new level of wealth whether it be the billionaires who are running these companies or the software engineers and lawyers working at them. The amount of money that can be earned within tech is far higher than any traditional middle-class job whether that be a teacher, police officer, or nurse. And with tech becoming ubiquitous in modern society, so have tech people who earn multiple times more than any traditional profession. This has led to the creation of a new upper class that is rapidly displacing the once-middle class. This video explains the role of tech in the shrinking middle class and how the modern economy works for tech.

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Timestamps:
0:00 - The Middle Class
1:51 - The Speculative Era
5:19 - The Opportunity Era
8:50 - Left Behind
12:12 - The Consequences

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Видео Tech Is Permanently Redefining The Middle Class канала Logically Answered