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No. The middle class in the US and other highly developed nations is hurting, but by any global measure, this group of people is actually relatively wealthy. T
by FelixP 11y ago
No. The middle class in the US and other highly developed nations is hurting, but by any global measure, this group of people is actually relatively wealthy. The global middle class has experienced an unprecedented level of growth and prosperity over the past 25+ years. Of course, this has in many cases come at the expense of the first group.
- AnimalMuppet 11y agoI can buy that.
- hwstar 11y agoI agree. The standard of living in the first world countries will meet the third world countries in the middle. This explains why wages haven't increased significantly in the past 25 years in the US. Where it gets interesting is when equilibrium has been reached.