1. Terrific analysis of the new class structure of contemporary capitalism. In line with my own thinking. https://twitter.com/BrankoMilan/status/1347939981575282692

2. There is a "1%" (actually less) of enormously wealthy oligarchs who essentially own and control the means of production & are the robber-barons of our own gilded age.

3. Then there is a 20-33% of highly educated (dare I say creative class) knowledge workers and professionals who are doing just fine. Branko refers to this as “homoploutia.”

4. Then there are the rest, two-thirds or more of working people, blue collar workers, routine service workers & the truly disadvantaged who are sinking further and further behind. My take on that here: https://www.bloomberg.com/news/articles/2012-10-29/the-66-america-s-growing-underclass

5. What REALLY worries me is not the classification scheme.
But how I keep thinking about is how this will effect my two girls ages 3 and 5 ...

6. I come form a working class family. My grandparents migrated here from Southern Italy, and my father had a 7th grade education ... I got a scholarship to Rutgers and was off the proverbial races ...

7. What terrifies me is that I don't believe my kids have virtually no shot of doing what I did, of finding a career so to speak and making it on their own, even with the advantages we can give them. So much more than my parents could give ms

8. What terrifies me is that I don't even think given them access to the best education - schools & universities - in the world will help all that much in the class structure of today's late capitalism.

9. I find myself saying to @ranaflorida it doesn't matter where we send them to school or how well they do, we have to save and save and save and essentially have enough money to set them up in some kind of vocation they want to to.

10. Every time I say it or think it, shivers run down my spine. How did we as a nation and a society get to this point ... To me this seems like the defining issue of our time. How do we enable individuals to find rewarding, meaningful and purposeful work.

11. As a society, we certainly have the means to do it. The question is: Do we have the will?