Ray Dalio says America is developing a ‘dependency’ on its top 1% of workers, while the bottom 60% are struggling and unproductive

Ray Dalio, Founder and Mentor, Bridgewater Associates and Dalio Family Office (Credit: Iman Al-dabbagh—Fortune)

On the surface, the going looks pretty good in the American economy. Wall Street is roaring, Silicon Valley is booming with potential, unemployment is fairly steady, and GDP is on the rise. A healthy picture, right?

Wrong, says Ray Dalio. There is now so much variation in the U.S. economy that it can no longer be looked at “as a whole.”