> It seems to me that income is in effect an abstraction of a person's social class.
That's not how class works. There are multimillionaires running their own blue-collar businesses and farms whom a bankrupt real estate developer would look down on.
I think that actually supports my core point: income doesn't always map directly to a person's role in society.
Even if the 99% has roughly the same portion of the income that they did in the past they still might have less of the things that actually determine lifestyle such as autonomy.
That's not how class works. There are multimillionaires running their own blue-collar businesses and farms whom a bankrupt real estate developer would look down on.