It is a problem, especially given the context of a startup accelerator. The middle class are the core of a modern economy. People with enough money to spend on

It is a problem, especially given the context of a startup accelerator. The middle class are the core of a modern economy. People with enough money to spend on luxuries. With enough money to support multiple competing luxury products in many different markets. With the financial security to change jobs and move. With the ability to acquire enough capital to pursue an education or their ideas (e.g. into new startups). While people may be living equivalent lifestyles it's through the consolidation of core needs and improvements in efficiency (that were never passed onto workers as it happens, which is part of why the middle class is collapsing). But importantly these were applied to what used to be luxuries. If there is no one around to purchase the luxuries in bulk how will we will we ever innovate their production to a scale where they become cheap. If the market is not big enough to sustain competitors, how will we ever innovate on features. If people with ideas to change the world they live in don't have the capital to try it where does that hobbyist innovation come from. I could go on and on, but the key fact is that the middle class are the primary consumers of everything. Additionally, nearly half of the tax burden is met by the middle class (with the other half being mostly corporate taxes). Suffice it to say the middle class is the linchpin to modern economies.