I was reading recently an article in which an interviewee was championing the idea of getting the poor onto the ladder of middle class. As I thought about this, I wondered about how feasible this is.
Let’s pretend we spend billions of dollars on ensuring the entire lower class get enough education and skills in order to get jobs paying well enough for them to move into what is now the middle class.
Now there is no lower class: just middle and upper class.
Or is there?
Does such a programme eliminate lower class, or does it simply raise the line that delineates between the lower and middle classes?
I guess one could argue that at least in this situation, the poor are richer. That being said, with more money, comes more spending, and the rich wold be the main beneficiaries of that spending. As the poor get richer then, so the rich get richer, and the income-inequality gap remains unbridgeable.
Income inequality would still exist, the cost of living would go up, and the lower class would be back at the bottom of the ladder again.
So, should we just let things be, or is there value in helping the poor get into the middle class?