Joel Kotkin: Many stuck near the bottom
...Inequality is on the rise throughout the country, while there are significant differences in its depth by geography and region. California is producing ever more billionaires, three times as many as in regularly faster-growing Texas, but the middle class is in secular decline, according to a recent Public Policy Institute Study, and now constitutes less than half California's population. The state also suffers the highest rate of poverty in the country and is now home to roughly one-third of the nation's welfare recipients, equal to almost three times its proportion of the nation's population....

...Indeed, under the current liberal regime, the prospects for the poor and working class have decreased markedly while the wealthy, often villainized by the administration, have luxuriated. During much of the tenure of the first black president, the gap between Anglo incomes on the one side and those of blacks and Hispanics has widened, doubling since the Great Recession....