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by frogfuzion 3294 days ago
*whole developed world's middle class.

Just a balancing out with developing nations right?

2 comments

The middle class is not doing so well in some developing nations either. In my own country it's been shrinking for years.
To add further in India top 5-8 per-cent population is described as 'middle class' by media. Because real middle class there looks like malnourished, emaciated masses.

It hardly fits into narrative of young people doing modern jobs, have a motorized vehicles, eat out and go for movies every week.

Developing world wages wouldn't be so bad if we had correspondingly developing world prices.