At a time when more and more people are slipping out
of the middle class into poverty, more people are becoming rich.
by We wholeheartedly endorse peaceful revolution, but unfortunately, history tells us that when tyrannies force the majority
of the middle class into poverty in any country, violent revolution will result.
Not exact matches
In an analysis
of the changing shape
of the American
middle class, Pew Research Center divided the population
into three groups: Lower - income Americans made less than 2/3
of the median household income,
middle - income households had incomes between 2/3 and 200 %
of the median, and upper - income households had income more than twice the median income.
As the holiday acquired nation - wide popularity, Alibaba became the first major company in 2009 to monetize the holiday by launching a special online sale and effectively transforming the day
into the world's biggest 24 - hour online shopping event, one that reflects the growing wealth
of China's
middle -
class.
(The Atlantic) Hundreds
of millions
of people in Asia, Latin America, and Africa have lifted themselves from destitution
into something like the
middle class.
They bought
into the American Dream
of studying for a degree, becoming a professional
of some sort, and hoping for a decent
middle class existence.
Take that funding away and the market settles back
into something more closely aligned with the underlying reality — the one
of high unemployment / underemployment, high oil prices, stagnant
middle - and lower -
class incomes, unprecedented wealth concentration in the upper
class, demolished savers, under - investment in capital, and an ongoing transition to a low - wage service economy hard - pressed to service debt.
«We can't afford to have women sitting on the sidelines
of the opportunity to lift themselves out
of poverty and
into the
middle class,» says Spitz.
«The automation
of factories has already decimated jobs in traditional manufacturing, and the rise
of artificial intelligence is likely to extend this job destruction deep
into the
middle classes, with only the most caring, creative or supervisory roles remaining,» he wrote in The Guardian.
A hotbed
of new and emerging companies in China — complimented by a growing
middle class eager to get their hands on what's «new» and what's «next» — has propelled the country
into the front seat
of global innovation.
When researchers look
into household finances, they typically focus on income and the plight
of the shrinking, beleaguered
middle class.
According to the Brookings Institute, 88 per cent
of the next billion entrants
into the global
middle class will live in Asia.
Craig, I concluded in 2003 that the elitists would hold up the system with printed money and credit creation until they had swept every last crumb
of middle class wealth off the table and
into their own pockets.
Speaking at Tmall's Super Kitchen event, an offline expo
of home goods held by Alibaba Group's business - to - consumer site, Stewart said she saw an opportunity to expand her brand
into the world's second largest economy as rising incomes in the
middle class there were increasingly being spent on lifestyle and experiential purchases rather than staple goods.
As its
middle class and
middle class neighborhoods erode, Toronto is morphing
into a new kind
of patchwork metropolis.
A draft presidential memorandum at the end
of the document that could be used to order the review
of NAFTA orders the report to pay «extra consideration to the effects such a policy change may have on the
middle class, manufacturing and service sector workers, and foreign direct investment
into the United States.»
Each paper dives
into one aspect
of middle class prosperity — such as inequality, education, retirement, achievement, or the safety net.
-- When changes in the composition
of families are taken
into account — including fewer adults per household as family sizes decrease — the real after - tax income
of middle -
class families increased 30 per cent from 1976 to 2010 — on par with other income groups, but still lower than the top earners
It's been my view since circa 2003 that «they» would hold up the system with printed money and credit creation until every last crumb
of middle class wealth was swept off the table and
into the pockets
of those in position to do the sweeping: Corporate America, the very wealthy («wealthy» = enough disposable cash to buy a few politicians and Federal judges) and the political elite — the latter
of which are compensated pawns for the first two cohorts.
-- bullish on housing — We see US consumer confidence at an eight - year high based on the University
of Michigan, Consumer Sentiment Index supporting the strength
of the
middle class and US economy going
into 2016.
Homeownership has been the most effective step on the ladder
into the
middle class and to create wealth for most Americans since the 1950s, and continues to fill that role It also fulfills the promise
of the Housing Act
of 1949
of a «decent home and a suitable living environment for every American family.»
The proceeds
of the new top income tax rate will be recycled entirely
into a proposed so - called
middle class tax cut which in fact heavily favours the top 10 % and weill not even cover the cost
of the
middle class tax cut.
Social Security, in my opinion is the scourge
of the
middle class — imagine how much more wealth the
middle class would have if all
of those withholdings had gone
into tax - free 401ks invested in mutual funds.
Ramathreya Krishnamurthi, Business Head
of TimesJobs, says, «Our RecruiteX report reflects the growth
of the Indian
middle class and their rising purchasing power which has converted the dream
of owning a home
into tangible demand for affordable housing.
Basically, the lack
of a Republican agenda that takes
into account the struggles
of much
of the lower -
middle -
class makes it easier for Democrats....
I point to the callous way in which upper -
middle -
class deconstructions
of traditional morality have made marriage
into a luxury good.
It gives technologically savvy young people in countries like India livelihoods that move them
into the ranks
of the
middle class.
The elephant in the room is out
of control capitalism that is killing the working and
middle classes and shoving more and more money
into the pockets
of the top 1 %... I predict a revolution in the next 25 - 30 years if the trend continues... and rightly so.
The extra money I earn that takes me out
of the «poor» category and bumps me up to «
middle class» makes a huge difference to how much I put back
into the economy.
Never once taking
into consideration that many
of the upper -
middle class white collar crowd sitting in your pews are some
of the most despicable hypocrites you ever want to meet.
Second, it is trying to more thoroughly explain, and in the light
of my Tocquevillian / Liberal Education sociology
of middle class music / identity, why the transition from rock n» roll to Rock occurred in the first place, and why it set a certain pattern
of middle -
class mixtery - music that was doomed from the beginning to fall
into its now - obvious mode
of Perpetual Repetition.
If you choose to go this way, there are only two possibilities: either you deceive yourself about yourself, forgetting that you are a sinful man, confusing the demands
of God with the standards
of middle -
class integrity and thus satisfying yourself; or you really take God's will seriously and fall
into despair when you see that you can never be just before that will.
Herbert Gans has developed a typology
of the poor and draws distinctions between (1) so - called maladjusted, (2) the routine seekers, (3) those who are striving to get
into the working
class or
into the
middle class, and (4) those who are action seekers striving to maximize excitement and gratification within their present status.
As a result, when electoral politics enlarged the political community
of India by bringing the groups other than the
middle class into it, it produced popular leaders more inclined to the unrenewed traditions.
He sees that substantial numbers
of Hindus have moved
into the
middle class who have been most affected by the process
of secularization.
An Untouchable had no chance
of becoming a Brahmin, and a member
of the lower feudal orders had few opportunities to make it
into the aristocracy, but the poor in a
class society have at least a reasonable chance
of making it
into the
middle class and some
middle -
class individuals do make it
into the ranks
of the rich.
But what was outrageous about this governor's stance on the economy is that when he came
into the State House, he said everyone has to make sacrifices yet, he gave the wealthy large tax breaks while leaving the
middle class and the poor with the task
of carrying the load.
Of the several slums I have visited periodically since 1973, one is gone, replaced by two - decker row houses, and another is being transformed
into a lower -
middle -
class manufacturing neighborhood.
Reynolds and others have toyed with a number
of theories to explain this phenomenon, and
of course, I have my own — I have spoken, after all,
of «Rock... [setting] a certain pattern
of middle -
class mixtery - music that was doomed from the beginning to fall
into its now - obvious mode
of Perpetual Repetition.»
The implicit old - line mark
of a work
of God is birth
into a white
middle -
class Protestant family.
Ron Haskins
of the Economic Mobility Project puts it this way: «If young people do three things — graduate from high school, get a job, and get married and wait until they're 21 before having a baby — they have an almost 75 percent chance
of making it
into the
middle class.»
Unless, that is, our essentially
middle -
class life style is challenged by the poverty and oppression which is the lot
of most
of humankind, and we confront the hard truth that the issue is not reform
of the welfare system, no matter how much that is needed, but the end
of a capitalist economic order which increasingly divides the world
into those who have and those who have not.
However tenuously, they have moved upward
into the
middle class, and the new aggregate demand for goods and services they exert is everywhere visible in the quantity
of economic activity in the world today, as opposed to twenty - five years ago.
They almost always featured the collections
of classics that
middle class Americans bought to bring culture
into their newly purchased suburban homes.
Some
of them were moving
into the
middle class.
Yet he remains discontent with the prospect
of upward mobility
into middle -
class mediocrity.
When agribusiness turned its attention to producing food in Third World countries for the inhabitants, their products went
into the mouths
of the
middle and rich
classes, not those
of the poor.
The essay begins by challenging a standard historical narrative according to which industrialization forced
middle -
class women
into the role
of full - time housewives, a prison from which they were freed only by the glorious revolution
of the 1960s.
I associated Ice Cube with a horrifyingly ridiculous speech I heard in a classroom by some handsome full -
of - himself black 12th - grader, about how Ice Cube was his hero because he had inspired him to avoid crack and gangs, as if it were some heroic thing for this guy who apparently had pretty
middle -
class parents to avoid falling
into those, and as if Ice Cube had not in fact glamorized the gang life, overt misogyny, etc..
The
middle class was on the march, drawing
into itself members from both above and below, and if that meant everybody gave up some
of his or her ethnic,
class, and religious particularities, so be it.