Tag: middle class
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Are We Talking About Inequality or Poverty?
Clive Crook wrote an interesting piece: All This Inequality Talk Does Nothing for the Poor – Bloomberg … Inequality is rising, and that's a bad thing. What's worse is that the issue is getting mixed up with what should be a more pressing debate over economic opportunity, which would be better kept separate. This is…
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The Middle Class is Disappearing … into the Upper Class.
The poor are getting poorer, and the rich are getting richer is a common meme these days. The middle class is sinking into poverty as the top 1% just gets wealthier. Is that true? Economist Mark Perry posted the graph below last week. It has been creating a buzz. (I included it in last Saturday's…
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Caste and entrepreneurship in India
BBC: Caste and entrepreneurship in India The story of India's economic surge is dominated by two conflicting narratives. … Delving into the relationship between caste and entrepreneurship, the researchers have found that scheduled castes and tribes, the most disadvantaged groups in Hinduism's hierarchy, owned very little businesses despite a decade of sprightly economic growth and…
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Saturday Links
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in Asia, China, Current Affairs, Economic Development, Economics, Evolution, Gender and Sex, Immigration, Links – Saturday, Religion, Science, Sports and Entertainment, Technology, Technology (Biotech & Health), Technology (Digital, Telecom, & Internet), Technology (Energy), Technology (Food & Water), Technology (Manufacturing & Construction)), Technology (Transportation & Distribution), Wealth and Income, Weatlh and Income Distribution1. The United States had its financial bubble. Europe is having one too. Is China next? If it is, it could reshape the global economy and radically reshape the Chinese government. Here is an interesting piece about China’s real estate bubble. 2. Robert Tracinski thinks we are in the midst of a Third Industrial Revolution.…
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Practically human: Can smart machines do your job?
Associated Press: Practically human: Can smart machines do your job? … To better understand the impact of technology on jobs, The Associated Press analyzed employment data from 20 countries; and interviewed economists, technology experts, robot manufacturers, software developers, CEOs and workers who are competing with smarter machines. The AP found that almost all the jobs…
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Latin America’s income inequality falling, says World Bank
Guardian: Latin America's income inequality falling, says World Bank Region now has as many middle class people as those who are poor thanks to rapid growth in incomes, study reveals. Income inequality is falling in Latin America even as it rises elsewhere in the world, according to a World Bank study that encourages government intervention…
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Boom time for Mozambique, once the basket case of Africa
The Guardian: Boom time for Mozambique, once the basket case of Africa As African lions outpace Asian tigers, one of the world's poorest states is moving from civil war bust to boom – but who will gain? … A construction boom is under way here, concrete proof of the economic revolution in Mozambique. Growth hit…
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Why China’s Urbanization Isn’t Creating a Middle Class
The Atlantic Cities: Why China's Urbanization Isn't Creating a Middle Class The rapid rate of development in China manifests itself most clearly in its cities. With some populations rising into the tens of millions, China’s cities are the economic powerhouses of the country, and are helping to create a whole new era of financial prosperity.…