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Thriving middle classes are the backbone of democratic societies and strong economies, but in many countries, they face mounting pressure as their economic strength is eroding relative to higher-income households. Real wages and incomes for most middle-class households have grown only very...
Persistent link: https://www.econbiz.de/10012801291
Persistent link: https://www.econbiz.de/10012022886
Middle-class households feel left behind and have questioned the benefits of economic globalisation. In many OECD countries, middle incomes have grown less than the average and in some they have not grown at all. Technology has automated several middle-skilled jobs that used to be carried out by...
Persistent link: https://www.econbiz.de/10012452236