“There’s no good name for this phenomenon of a middle class imploding while economies nominally ‘grow.'”

Good read on business’ responsibility to create work, not just profit, in order to prevent future Brexits:

To prevent such catastrophes from happening, business needs to play a more active, engaged role in creating the kind of thriving, vibrant economies that inoculate societies from self-implosion—because those implosions take businesses down with them, too. Brexits don’t happen in thriving economies; they only happen when the pie is shrinking. People who have good jobs — jobs that allow them to do something useful, that pay livable wages, that come with good benefits — who can educate their children, get the health care they need, and live lives that are decent and whole generally don’t blow up their own economies in a misguided bid for attention, justice, and vengeance.

Source: Business Leaders Have Abandoned the Middle Class