3 ms·
Not only tech jobs (which certainly have been the biggest factor in lifting tons of lower income to middle/higher income status) but overall due to globalizatio
by codegeek 4y ago
Not only tech jobs (which certainly have been the biggest factor in lifting tons of lower income to middle/higher income status) but overall due to globalization, lot of jobs have opened up in the past 25 or so years.
I grew up in the 80s and 90s in India and moved to US in 2000. Now I am a US Citizen but when I do go back to visit, I literally know people who were poor/lower middle class and they all are now living upper middle class lifestyles (have a nice car, eat outside a lot , have their own home etc).
Some factors:
- Globalization of economy opening up in the 90s
- Tech and other jobs (manufacturing etc) but more importantly, lot of global companies opening shop after the economy opened up in 90s. It is still not as friendly to outside companies as say China but things are changing even though slowly in a complex country like India
- Rise of Internet especially since the introduction of Jio Data by Reliance. It has changed the game significantly. An average Indian may not have a Computer necessarily BUT they all have data and internet on their phones and almost everyone can order almost anything on their phone including paying for bills (UPI is amazing)
- Mindset of young people is changing especially as more people are now exposed to other countries/culture through TV, youtube/internet, Movies, Travel. Capitalism is becoming more favorable compared to old school thinking of socialism and the whole "Raj" mentality that was left over by British and continued for decades by previous Govts.
There is still a lot of extreme poverty in pure numbers (population size) but I have no doubts that overall, millions have moved from extreme poverty to lower or middle income status in last 2 decades.
- newyankee 4y agoI have actually lived this myself so can attest.