It sounds way less offensive to those who decry the original terminology’s problematic roots but still keeps its meaning intact.
Agreed. The systemic exclusion of POC from benefits and advantages was rolled back just as POCs were becoming independent. It affected BOTH communities , POCs AND economically dis-advantaged equally.
So you had a substantial population with severe economic and political disadvantages being relentessly targetted by those in power.
Hence, the current top-1% control 80% upwards of everything.