Episode Eleven: The Disappearance of the Middle Class—Why Economic Inequality Is Tearing America Apart
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Episode Eleven: The Disappearance of the Middle Class—Why Economic Inequality Is Tearing America Apart
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Episode 11 argues that a robust middle class has long been America’s economic foundation, enabling homeownership, social mobility, and national growth. However, wage stagnation, skyrocketing living costs, and outsourcing have eroded these opportunities. Millions of well-paying manufacturing jobs vanished, replaced by lower-wage service roles. Corporate profits soared while worker wages stagnated, pushing many families into financial insecurity. Housing became unaffordable, higher education costs exploded, and healthcare expenses soared. These trends widened the gap between the very wealthy and everyone else, jeopardizing economic stability. To rebuild, the author calls for fair trade, vocational education, wage reform, and targeted relief programs.