Has the economy gone C-shaped?
Economists and officials are debating the best letter to describe the current state of the U.S. economy, moving from the 'K-shaped' inequality model to a more optimistic 'C-shaped' model. The article questions the utility of using simple letters to explain complex economic realities.
Why it matters
It illustrates how political rhetoric and economic shorthand can simplify or obscure the nuanced financial realities of different social classes.
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Nuthawut Somsuk / Getty Images Today's economy is brought to you by… the letter K! Or is it C? Or … well, it depends on who you talk to about how the rich and poor are doing these days.
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