Move forward 4 decades and we saw the advent of soup kitchens reappear and food pantries for the poor. These have been growing steadily since then. I live in a small city with a population of roughly 52,000. there are 7 or 8 food pantries that serve the working poor and the disabled. three of them are within walking distance of my home. likewise, there are about 4 soup kitchens. While some of the food pantries have closed in the last few years, I'm aware of 4 of them, at their peak, they were needed for the 5.7 unemployment rate 10 years ago, and grew more important over the next five years as unemployment rates hit double digits. Local businesses cut wages during that time, laid off remaining employees, and outsourced what they could. Meanwhile income inequity continued to grow. Loans businesses needed to continue were almost non-existent. Had there been less income inequity, prior to the meltdown, people would have been able to support those businesses and invested in stock. As it was, they could barely afford shelter, utilities, and food. One reason there are so many food pantries in this small city. Currently, the average ratio of CEO compensation to their workers average Compensation is sitting at 70:1. When I was young, that ratio was 20:1. What happens with that extra money. It doesn't get reinvested but sat on. Like the depression, the average person is too afraid to spend money, so they put what little they can salvage from their earnings away. as for the top tier income earners? They aren't afraid to spend it, but rather, can't spend it fast enough to keep the economy moving. Nick Hanauer, Billionaire entrepreneur and venture capitalist, puts it very simply. how many cars can he own? How many pairs of pants, shirts, and shoes can he buy? True, he can afford to spend more for these items, but how many does he buy a year? Is he going to buy a new BMW every month? check out his TED talk. https://www.ted.com/talks/nick_hanauer_beware_fellow_plutocrats_the_pitchforks_are_coming. It's a few years old, but still pertinent. Fortune Magazine paid attention and discussed the issue with 7 billionaires. Warren Buffet, Bill Gates, even Charles Koch among the names that I recognized. We're not talking left wing liberals that are looking for free lunches, but men that realize that the inequality hurts their bottom line. It's difficult to sell a person on investing their disposable income if they have none.