business elite: Recent electoral outcomes, including Trump's election, highlight the intensifying economic grievances of many households across the developed world, according to The Japan Times. In the 20 years before the 2008 financial crisis, unprecedented globalization raised incomes for just about everyone. These are the core elements of what we believe is the only viable economic strategy for the United States and the world. The incomes of the poorest third of humanity rose by 40-70 percent, and those of the middle third increased by 80 percent. And yet the incomes of a crucial group lower middle-income households barely rose at all. The top 1 percent did even better so much better, in fact, that the business elite is now facing a powerful backlash.
(news.financializer.com). As
reported in the news.
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