Why CEOs Should Care About the Eroding Middle Class
3 illuminating recent stories show the struggles of U.S. middle-class workers and consumers may intensify.
BY STEPHANIE MEHTA, CEO AND CHIEF CONTENT OFFICER OF MANSUETO VENTURES, PARENT OF INC. AND FAST COMPANY @STEPHANIEMEHTA
Photo: 4th Life Photography/Adobe Stock; GetFocusArt/Adobe Stock; Nicholas Fuentes/Unsplash
Hello and welcome to Modern CEO! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning.
In recent weeks, I’ve been recommending and forwarding to friends and associates three smart stories that crossed my desk. Each ostensibly offers an insightful and timely snapshot of modern American business. But upon deeper reflection, these very different pieces also shine a light on the state of middle-class workers and consumers in the U.S., whose struggles may only intensify.
Together, these stories—along with a number of economic indicators such as stubborn inflation and slipping consumer sentiment—offer CEOs and business leaders a warning about the risks of capitalism that works for the few and not the many.
Daniel........
© Inc.com
