I have oft written of the K-Shaped Economy.  To wit….

K Street Dominates DC – So a K-Shaped Economy Dominates the US

What is a K-Shaped Economy, you ask?:

“(D)ifferent parts of the economy move in opposite directions at the same time….One segment – the upper arm of the K – experiences an increase in wealth due to rising asset values or incomes. The lower arm faces increasing financial strain due to declining purchasing power along with stagnating or decreasing wages.”

I have oft written of the Wealth Gap.  To wit….

Immigration, Awful Trade Deals, Spending and Inflation: DC Keeps Making the Wealth Gap Wider

The Wealth Gap can be described as the chasm between the two Arms of the K-Shaped Economy.

With a twist.  The Wealth Gap widens as the economy worsens.  And as it widens, more and more of the least wealthy people on the Upper Arm?  Fall off – and down on to the Lower Arm. (more…)