“There is a very big difference between the psychological self-definition of
class and anything approaching a useful economic definition of class,” said
Richard Reeves, a senior fellow in economic studies at the Brookings
Institution. “Policy in the end will hinge quite importantly on what you mean
when you’re talking about the middle class and who you mean.”And that’s the
political challenge for Democrats and Republicans looking to inspire voters
with policies to address what President Obama calls “middle-class economics.”
Any appeals have to involve both cents and sensibility.
http://www.nytimes.com/2015/04/11/business/economy/middle-class-but-feeling-economically-insecure.html
"Consent falls apart in the battle of descriptions." [Kim Scheppele]
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