Brexit seems to have finally woken the political and economic elites on both sides of the Atlantic to a reality they’ve been trying desperately, for years, to ignore: the middle class is suffering, and terribly. In both the UK and the US, median incomes have been stagnant for decades. Meanwhile, people are experiencing a kind of vulnerability and insecurity without precedent in the modern history of rich nations. In the UK, living standards have fallen for all but the wealthiest. In the US, the majority of public school kids are now in poverty, the middle class is for the first time a demographic minority, and life expectancy is flat overall and actually fell for whites.
"Business Leaders Have Abandoned the Middle Class" is from hbr.org, published on June 27, 2016.