Understanding the K-Shaped Economy: Rising Divides in America
TL;DR Summary
The article illustrates the K-shaped economy through contrasting holiday shopping behaviors in Los Angeles, where affluent consumers indulge in luxury stores like Ralph Lauren on Rodeo Drive, while lower-income families tighten budgets at grocery stores like Ralphs, highlighting the growing income disparity and its impact on consumer spending patterns.
- A tale of two Ralphs — Lauren and the supermarket — shows the reality of a K-shaped economy Los Angeles Times
- When Did Everything Become ‘K-Shaped’? The New York Times
- ‘The gap is widening’: inside Donald Trump’s K-shaped economy Financial Times
- A New K in America Paul Krugman | Substack
- America’s increasingly ‘K-shaped’ economy is difficult to reconcile The Age
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