"Rich are getting richer while the poor remain poor" is not supported by the stated evidence of the growing income gap _ratio_. The ratio can increase even if the poor are becoming richer, so long as the rich are becoming richer faster.
I understood that statement to be talking about class mobility. Obviously 'poor' and 'rich' are relative terms, not necessarily pegged to a specific amount of income or wealth.
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Fallacy in the first paragraph.
"Rich are getting richer while the poor remain poor" is not supported by the stated evidence of the growing income gap _ratio_. The ratio can increase even if the poor are becoming richer, so long as the rich are becoming richer faster.
I understood that statement to be talking about class mobility. Obviously 'poor' and 'rich' are relative terms, not necessarily pegged to a specific amount of income or wealth.
> I understood that statement to be talking about class mobility.
Why? None of the data addressed class mobility.