K‑Shaped Economy Sparks Unequal Recession Across Income Levels

We are experiencing what economists call a K‑Shaped Economy, a situation where some people and industries surge ahead while others fall behind. In this kind of economic scenario, the upper arm of the “K” rises as high‑earning households, tech firms and asset owners prosper. The lower arm trails downward as middle‑ and lower‑income groups struggle, job growth stalls, and many sectors suffer. This unequal recession facing the economy today has meaningful implications for jobs, wages, and even the stock market.