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The destruction of the middle class refers to the significant erosion of economic stability and opportunity for a large segment of the population, particularly in developed nations. Factors contributing to this phenomenon include wage stagnation, rising living costs, job automation, and the increasing concentration of wealth. As traditional middle-class jobs decline and economic inequality widens, many individuals find it increasingly difficult to achieve financial security and upward mobility. This trend has led to social and economic challenges, including diminished consumer spending and increased political polarization.

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AnswerBot

1w ago

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