middle class India's middle class tightens its belt, squeezed by food inflation By www.thehindu.com Published On :: Wed, 13 Nov 2024 21:50:09 +0530 Slowing urban spending over the past three to four months has not only hurt the earnings of largest consumer goods firms Full Article Economy
middle class Modi regime sees five-fold jump in ITR filers with income above Rs 50 lakh; middle class tax burden falls - The Economic Times By news.google.com Published On :: Wed, 13 Nov 2024 14:13:46 GMT Modi regime sees five-fold jump in ITR filers with income above Rs 50 lakh; middle class tax burden falls The Economic TimesModi regime sees five-fold jump in ITR filers with income above Rs 50 lakh Deccan HeraldTax burden shifting to super-rich, but middle class barely growing The Financial ExpressTaxpayers with annual income of over ₹1 crore rose 323% to 350,000 in 10 yrs Hindustan TimesMore than 8 cr ITRs filed for FY 24, 74 pc in new tax regime The Economic Times Full Article
middle class Humble and Meek and Middle Class Morality By www.ancientfaith.com Published On :: 2021-09-09T16:23:36+00:00 Fr. Stephen Freeman describes some of the problems that arise when our morality is a "mere morality," marked only by our outward behavior rather than inward healing and transformation. Full Article
middle class How AI could help rebuild the middle class By www.npr.org Published On :: Wed, 17 May 2023 23:37:01 +0000 For the last four decades, technology has been mostly a force for greater inequality and a shrinking middle class. But new empirical evidence suggests that the age of AI could be different. We speak to MIT's David Autor, one of the greatest labor economists in the world, who envisions a future where we use AI to make a wider array of workers much better at a whole range of jobs and help rebuild the middle class.This episode was produced by Dave Blanchard and edited by Molly Messick. It was fact-checked by Sierra Juarez and engineered by Katherine Silva. Jess Jiang is Planet Money's acting executive producer.Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy Full Article
middle class 30 Middle Class Memes For Lighthearted Suburbanites By cheezburger.com Published On :: Mon, 09 Nov 2020 07:00:00 -0800 Do you take pleasure in converting old doors into coffee tables or old coffee tables into pallets? Do you spend a lot of time carefully crafting email responses? Does grabbing a beer or two at the local Chili's after a Sunday at Home Depot sound appealing to you? If you answered yes to any of these questions, then you might get a kick out of these neat memes by novelty memelord @middleclassfancy. We're big fans of this hilarious account and love to share these tongue-in-cheek gems every chance we get. Full Article relatable funny memes Memes twitter memes funny internet memes donald trump joe biden politics
middle class Analysis-India's middle class tightens its belt, squeezed by food inflation By finance.yahoo.com Published On :: 2024-11-13T05:35:58Z Full Article
middle class How Idlewild Courted the Black Middle Class in the 1930s By www.smithsonianmag.com Published On :: Thu, 31 Oct 2024 00:00:00 -0000 By the 1930s, the black middle class had arrived, with the purchasing power to match. Sensing an opportunity, developers established Idlewild: a summer resort aimed exclusively at African-Americans. Full Article
middle class Ontario Liberals announce tax cuts for middle class families as part of election platform By www.cbc.ca Published On :: Tue, 12 Nov 2024 14:49:17 EST The Ontario Liberal Party is pledging to reduce the income tax rate for middle class families and eliminate provincial sales tax on hydro bills, if they win in the 2026 election. Full Article News/Canada/Toronto
middle class Where is the Middle Class? Inequality, Gender and the Shape of the Upper Tail from 60 million English Death and Probate Records, 1892-2016 [electronic journal]. By encore.st-andrews.ac.uk Published On :: Full Article
middle class Closing the Value Gap & Saving the Creative Middle Class By www.canadianmusicianpodcast.com Published On :: Wed, 24 Jul 2019 19:25:34 +0000 Music Canada recently shared its latest report, “Closing the Value Gap: How to Fix Safe Harbours and Save the Creative Middle Class.” As the title suggests, the report examines the gap between revenues derived by online entertainment platforms - particularly YouTube - and the revenues returned to artists and labels, then offers five recommendations on how to address the issue. On this week's podcast, Mike and Graham Henderson, Music Canada's President and CEO, dive into the report before getting into some important big picture conversations about philosophical shifts in how music is paid for, how the industry can make its case to the public and government, and even some politics. Also, please visit www.friendsofjohncody.com and consider helping one of our own in dire circumstances. Full Article
middle class The Squeezed Middle Class - How does Germany compare? By www.oecd.org Published On :: Wed, 10 Apr 2019 19:59:00 GMT This country fact-sheet presents key figures from "Under Pressure: The Squeezed Middle Class". This report analyses the trends of middle-income households in areas such as employment, consumption, wealth and debt, as well as perceptions and social attitudes. It also includes recommendations for protecting middle-class living standards and financial security in the face of economic challenges. Full Article
middle class Bernie Sanders offers a real deal to the middle class and not the raw deal of Hillary Clinton By www.cpa-connecticut.com Published On :: Tue, 12 May 2015 16:05:44 +0000 Bernie Sanders offers a real deal to the middle class and not the raw deal of Hillary Clinton Continue reading → Full Article Accountants CPA Hartford Articles $1 Bernie Sanders Bernie Sanders offers a real deal to the middle class and not the raw deal of Hillary Clinton breaking up big banks Cayman Islands Corporate taxes environment Franklin Roosevelt outsourcing jobs rebuilding infrastructure Teddy Roosevelt the new deal the raw deal the real deal the square deal TPP Trans Pacific Partnership transcript video
middle class Senator Bernie Sanders does not think that Hillary Clinton can stand up and fight for the middle class By www.cpa-connecticut.com Published On :: Tue, 19 May 2015 17:50:22 +0000 Senator Bernie Sanders does not think that Hillary Clinton can stand up and fight for the middle class. Continue reading → Full Article Accountants CPA Hartford Articles Citizens United Supreme Court decision Hillary Clinton Interview of Senator Bernie Sanders by Judy Woodruff on PBS Newshour on May 18 2015 Judy Woodruff Senator Bernie Sanders Taxes TPP trade agreeements Trans Pacific Partnership transcript video
middle class Michael Moore says middle class should vote for Trump to oppose elites, Corporate America, Wall Street, career politicians, media By www.cpa-connecticut.com Published On :: Thu, 27 Oct 2016 07:02:25 +0000 The middle class needs to vote for Donald Trump in order to oppose the elites, Corporate America, Wall Street, the career politicians, and the media, who have all conspired to destroy the middle class. Donald Trump is the Molotov cocktail, the human hand grenade, that every beaten-down, nameless, forgotten working stiff who used to be part of what was called the middle class can legally throw into the system that stole their lives from them. Continue reading → Full Article Accountants CPA Hartford Articles 35% tariff billionaires breakfast states Donald Trump elite class Ford Motor Company Hillary Clinton Michael Moore Michael Moore Explains Why Donald Trump Will Win! And Why He Should! Michael Moore says the middle class needs to vote for Donald Trump to oppose the elites and Corporate America and Wall Street and career politicians and the media Michigan middle class millionaire class November 8 Obamacare Bronze Plan October 25 2016 Ohio Pennsylvania the 1% the 99% the career politicians the media transcript Transcript of speech given by Michael Moore on October 24 2016 in Ohio Trump is the human hand grenade that the middle class can throw at the elite class and system Trump is the human hand grenade that they can legally throw into the system that stole their lives from them Trump is the human Molotov cocktail that the middle class can throw at the system Wisconsin
middle class Extending Vouchers Into Middle Class Is Florida's Next Move By feedproxy.google.com Published On :: Tue, 16 Apr 2019 00:00:00 +0000 Already home to a thriving ecosystem of private school choice, the state’s lawmakers want vouchers for thousands of new students. Full Article Vouchers
middle class Barack Obama to seek tax increases for wealthiest to help middle class By www.financialexpress.com Published On :: 2015-01-19T03:44:00+05:30 The tax proposals would face opposition from the Republican-controlled Congress. Its lawmakers argue that tax hike would hamper economic growth at a time the country cannot afford it Full Article Industry Barack Obama
middle class Attorney General Eric Holder Speaks at the Middle Class Task Force Event By www.justice.gov Published On :: Mon, 22 Nov 2010 11:27:11 EST "It is an honor to stand with you – and with so many committed leaders, advocates, and partners – as we take a critical step forward in fulfilling our nation’s promise of equal opportunity and equal justice." Full Article Speech
middle class How Second Earners Can Rescue the Middle Class from Stagnant Incomes By webfeeds.brookings.edu Published On :: Tue, 10 Feb 2015 00:00:00 -0500 In his state of the union and his budget, the President spoke of the stagnation of middle class incomes. Whatever growth we have had has not been broadly shared. More than 78% of the growth in GDP between 1979 and 2013 has gone to the top one percent. Even Republicans are beginning to worry about this issue although they have yet to develop concrete proposals to address it. Slow Growth in Incomes Middle class incomes were growing slowly before the recession and have actually declined over the past decade. In addition, according to the New York Times, the proportion of the population with incomes between $35,000 and $100,000 in inflation-adjusted terms fell from 53% in 1967 to 43% in 2013. During the first four decades this was primarily because more people were moving into higher income groups, but more recently it was because they have moved down the ladder, not up. One can define the middle class in many different ways or torture the data in various ways, but there is plenty of evidence that we have a problem. What to Do The most promising approach is what I call “the second earner solution.” For many decades now, the labor force participation rate of prime age men has been falling while that of women has been rising. The entry of so many women into the labor force was the major force propelling whatever growth in middle class incomes occurred up until about 2000. That growth in women’s work has now levelled off. Getting it back on an upward track would do more than any policy I can think of to help the middle class. Imagine a household with one earner making the average wage of today’s worker and spending full-time in the job market. That household will have an income of around $34,000. But if he (or she) has a spouse making a similar amount, the household’s income will double to $68,000. That is why the President’s focus on a second-earner credit of $500, a tripling of the child care tax credit, expanding the Earned Income Tax Credit, and providing paid leave are so important. These policies are all pro-work and research shows they would increase employment. No Marriage = No Second Earner One problem, of course, is that fewer and fewer households contain two potential workers. So it would also help to bring back marriage or at least its first cousin, a stable cohabiting relationship. My ideas on this front are spelled out in my new book, Generation Unbound. In a nutshell, we need to empower women to not have children before they have found a committed partner with whom to raise children in a stable, two-parent family. Whatever the other benefits of two parents, they have twice as much time and potentially twice as much income. Other Needed Responses Shouldn’t we also worry about the wages or the employment of men? Of course. But an increase in, say, the minimum wage or a better collective bargaining environment or more job training will have far smaller effects than “the second earner solution.” In addition, the decline in male employment is related to still more difficult problems such as high rates of incarceration and the failure of men to take advantage of postsecondary education as much as women have. Still the two-earner solution should not be pursued in isolation. In the short-term, a stronger recovery from the recession is needed and in the longer-term, more effective investments in education, research, infrastructure, and in labor market institutions that produce more widely-shared growth, as argued by the Commission on Inclusive Prosperity. But do we really expect families to wait for these long-term policies to pay off? It could be decades. In the meantime, the President’s proposals to make work more appealing to existing or potential second earners deserves more attention. Authors Isabel V. Sawhill Publication: Real Clear Markets Image Source: © Kevin Lamarque / Reuters Full Article
middle class Webinar: Great levelers or great stratifiers? College access, admissions, and the American middle class By webfeeds.brookings.edu Published On :: Fri, 01 May 2020 13:23:37 +0000 One year after Operation Varsity Blues, and in the midst of one of the greatest crises higher education has ever seen, college admissions and access have never been more important. A college degree has long been seen as a ticket into the middle class, but it is increasingly clear that not all institutions lead to… Full Article
middle class Women’s work boosts middle class incomes but creates a family time squeeze that needs to be eased By webfeeds.brookings.edu Published On :: Thu, 07 May 2020 12:00:00 +0000 In the early part of the 20th century, women sought and gained many legal rights, including the right to vote as part of the 19th Amendment. Their entry into the workforce, into occupations previously reserved for men, and into the social and political life of the nation should be celebrated. The biggest remaining challenge is… Full Article
middle class Women’s work boosts middle class incomes but creates a family time squeeze that needs to be eased By webfeeds.brookings.edu Published On :: Thu, 07 May 2020 12:00:00 +0000 In the early part of the 20th century, women sought and gained many legal rights, including the right to vote as part of the 19th Amendment. Their entry into the workforce, into occupations previously reserved for men, and into the social and political life of the nation should be celebrated. The biggest remaining challenge is… Full Article
middle class Middle class marriage is declining, and likely deepening inequality By webfeeds.brookings.edu Published On :: Wed, 11 Mar 2020 13:53:14 +0000 Over the last few decades, family formation patterns have altered significantly in the U.S., with long-run rises in non-marital births, cohabitation, and single parenthood – although in recent years many of these trends have leveled out. Importantly, there are increasing class gaps here. Marriage rates have diverged by education level (a good proxy for both social class and permanent income). People with at least a BA are now more likely to get married and stay married compared… Full Article
middle class The rise of the middle class safety net By webfeeds.brookings.edu Published On :: Tue, 04 Sep 2018 13:55:48 +0000 Welfare reform is in the air again. Congressional Republicans are pushing for greater work incentives to be attached to the receipt of certain benefits, especially SNAP and Medicaid. Our colleague Ron Haskins has made the case in favor here; our colleagues Lauren Bauer and Dinae Whitmore Schanzenbach have warned against here. (Brookings is a broad church, you see).… Full Article
middle class Women’s work boosts middle class incomes but creates a family time squeeze that needs to be eased By webfeeds.brookings.edu Published On :: Thu, 07 May 2020 12:00:00 +0000 In the early part of the 20th century, women sought and gained many legal rights, including the right to vote as part of the 19th Amendment. Their entry into the workforce, into occupations previously reserved for men, and into the social and political life of the nation should be celebrated. The biggest remaining challenge is… Full Article
middle class Webinar: Great levelers or great stratifiers? College access, admissions, and the American middle class By webfeeds.brookings.edu Published On :: Fri, 01 May 2020 13:23:37 +0000 One year after Operation Varsity Blues, and in the midst of one of the greatest crises higher education has ever seen, college admissions and access have never been more important. A college degree has long been seen as a ticket into the middle class, but it is increasingly clear that not all institutions lead to… Full Article
middle class How Second Earners Can Rescue the Middle Class from Stagnant Incomes By webfeeds.brookings.edu Published On :: Tue, 10 Feb 2015 00:00:00 -0500 In his state of the union and his budget, the President spoke of the stagnation of middle class incomes. Whatever growth we have had has not been broadly shared. More than 78% of the growth in GDP between 1979 and 2013 has gone to the top one percent. Even Republicans are beginning to worry about this issue although they have yet to develop concrete proposals to address it. Slow Growth in Incomes Middle class incomes were growing slowly before the recession and have actually declined over the past decade. In addition, according to the New York Times, the proportion of the population with incomes between $35,000 and $100,000 in inflation-adjusted terms fell from 53% in 1967 to 43% in 2013. During the first four decades this was primarily because more people were moving into higher income groups, but more recently it was because they have moved down the ladder, not up. One can define the middle class in many different ways or torture the data in various ways, but there is plenty of evidence that we have a problem. What to Do The most promising approach is what I call “the second earner solution.” For many decades now, the labor force participation rate of prime age men has been falling while that of women has been rising. The entry of so many women into the labor force was the major force propelling whatever growth in middle class incomes occurred up until about 2000. That growth in women’s work has now levelled off. Getting it back on an upward track would do more than any policy I can think of to help the middle class. Imagine a household with one earner making the average wage of today’s worker and spending full-time in the job market. That household will have an income of around $34,000. But if he (or she) has a spouse making a similar amount, the household’s income will double to $68,000. That is why the President’s focus on a second-earner credit of $500, a tripling of the child care tax credit, expanding the Earned Income Tax Credit, and providing paid leave are so important. These policies are all pro-work and research shows they would increase employment. No Marriage = No Second Earner One problem, of course, is that fewer and fewer households contain two potential workers. So it would also help to bring back marriage or at least its first cousin, a stable cohabiting relationship. My ideas on this front are spelled out in my new book, Generation Unbound. In a nutshell, we need to empower women to not have children before they have found a committed partner with whom to raise children in a stable, two-parent family. Whatever the other benefits of two parents, they have twice as much time and potentially twice as much income. Other Needed Responses Shouldn’t we also worry about the wages or the employment of men? Of course. But an increase in, say, the minimum wage or a better collective bargaining environment or more job training will have far smaller effects than “the second earner solution.” In addition, the decline in male employment is related to still more difficult problems such as high rates of incarceration and the failure of men to take advantage of postsecondary education as much as women have. Still the two-earner solution should not be pursued in isolation. In the short-term, a stronger recovery from the recession is needed and in the longer-term, more effective investments in education, research, infrastructure, and in labor market institutions that produce more widely-shared growth, as argued by the Commission on Inclusive Prosperity. But do we really expect families to wait for these long-term policies to pay off? It could be decades. In the meantime, the President’s proposals to make work more appealing to existing or potential second earners deserves more attention. Authors Isabel V. Sawhill Publication: Real Clear Markets Image Source: © Kevin Lamarque / Reuters Full Article
middle class The middle class is becoming race-plural, just like the rest of America By webfeeds.brookings.edu Published On :: Tue, 27 Feb 2018 16:34:34 +0000 For more than half a century, the term “the American middle-class,” has served as a political reference to white American upward mobility. This was less an artifact of particular calculations than one of historical experiences and demographic realities. Since at least the 1950s, Americans who were neither wealthy nor “disadvantaged” were, by default, middle class.… Full Article
middle class Seven reasons to worry about the American middle class By webfeeds.brookings.edu Published On :: Tue, 05 Jun 2018 17:04:14 +0000 On May 8th, Brookings officially launched a new initiative on the Future of the Middle Class. Through this initiative, we will publish research, analysis, and insights that are motivated by a desire to improve the quality of life for those in America’s middle class and to improve upward mobility into its ranks. We have already… Full Article
middle class Middle class marriage is declining, and likely deepening inequality By webfeeds.brookings.edu Published On :: Wed, 11 Mar 2020 13:53:14 +0000 Over the last few decades, family formation patterns have altered significantly in the U.S., with long-run rises in non-marital births, cohabitation, and single parenthood – although in recent years many of these trends have leveled out. Importantly, there are increasing class gaps here. Marriage rates have diverged by education level (a good proxy for both social class and permanent income). People with at least a BA are now more likely to get married and stay married compared… Full Article
middle class Women’s work boosts middle class incomes but creates a family time squeeze that needs to be eased By webfeeds.brookings.edu Published On :: Thu, 07 May 2020 12:00:00 +0000 In the early part of the 20th century, women sought and gained many legal rights, including the right to vote as part of the 19th Amendment. Their entry into the workforce, into occupations previously reserved for men, and into the social and political life of the nation should be celebrated. The biggest remaining challenge is… Full Article
middle class The glass barrier to the upper middle class is hardening By webfeeds.brookings.edu Published On :: Wed, 11 May 2016 13:30:00 -0400 America is becoming a more class-stratified society, contrary to the nation’s self-image as a socially dynamic meritocracy. In particular, the barriers are hardening between the upper middle class and the majority below them. As New York Times contributor Tom Edsall writes (“How the Other Fifth Lives"), “The self-segregation of a privileged fifth of the population is…creating a self-perpetuating class at the top, which is ever more difficult to break into.” This separation of the upper middle class by income, wealth, occupation and neighborhood has created a social distance between those of us who have been prospering in recent decades, and those who are feeling left behind, angry and resentful, and more like to vote for To-Hell-With-Them-All populist politicians. As I told Charles Homans, also writing on class for the Times, “The upper middle class are surprised by the rise of Trump. The actual middle class is surprised we’re surprised.” Edsall cited my earlier essay, “The Dangerous Separation of the American Upper Middle Class,” and quoted me as follows: “The top fifth have been prospering while the majority lags behind. But the separation is not just economic. Gaps are growing on a whole range of dimensions, including family structure, education, lifestyle, and geography. Indeed, these dimensions of advantage appear to be clustering more tightly together, each thereby amplifying the effect of the other.” Multidimensional affluence Just as certain disadvantages can cluster together, creating multidimensional poverty, so advantages may cluster together, resulting in multidimensional advantage. Is there more clustering of advantages at the top of American society? Yes. The top fifth of households by income obviously have more money than the 80 percent below them. What about other advantages? Let’s take just three: marriage, employment and education. (See Sean Reardon and Kendra Bischoff’s paper on the geographical segregation of affluence). You would expect people in top-quintile households to be more likely to have a graduate or professional degree; to have two earners in the family; and perhaps also to be married. You would be right. The difference in the proportion of the top fifth with each of these other advantages compared to the bottom four-fifths is around 20 percentage points (we restrict our analysis to those aged 40-50). For example, in 1979 a forty-something year-old in the top income quintile was about 6 percentage points more likely to be married that one in the bottom 80 percent. Now the gap is 17 percentage points. This is hardly surprising. More education and more earners in the home will increase the chances that you make it into the top quintile for your age cohort. But it is noteworthy that the extent to which these different dimensions of advantage overlap has been steadily increasing over time. Along with the increased association between top-quintile income and marriage, the differentials for graduate education and two-earner status have each increased by around 10 percentage points between 1979 and 2014. How to inherit upper middle class status: Marriages and master’s degrees Particularly striking is the increase in the “marriage gap” between the upper middle class and the rest. This is an important factor in the transmission of class status to the next generation, since married couples are more likely to stay together, and stable families predict better outcomes for children. Similarly, the adults with high levels of education are likely to raise children who end up towards the top of the educational distribution. In fact, the intergenerational persistence of education is even greater than of income, as some of our earlier work shows (“The Inheritance of Education”). Almost half (46 percent) the children of parents in the top education quintile end up in the top education quintile themselves. Three in four (76 percent) stayed in one of the top two education quintiles. Class gaps F. Scott Fitzgerald famously said: "Let me tell you about the very rich. They are different from you and me.” Ernest Hemingway’s later response was: “Yes, they have more money.” Today what separates the rich from the rest is not just money, but family life, education, zip code, and so on. This is a point made by a number of scholars, including recently both Robert Putnam in Our Kids and Charles Murray in Coming Apart. Our empirical analysis confirms that different kinds of advantage are increasingly overlapping with each other. The framing of inequality in terms of social class used to feel distinctly un-American. No longer. Editor’s note: This piece originally appeared in Real Clear Markets. Authors Richard V. ReevesNathan Joo Image Source: © Brian Snyder / Reuters Full Article
middle class Why rich parents are terrified their kids will fall into the "middle class" By webfeeds.brookings.edu Published On :: Tue, 12 Jul 2016 14:20:00 -0400 Politicians and scholars often lament the persistence of poverty across generations. But affluence persists, too. In the U.S. especially, the top of the income distribution is just as “sticky”, in intergenerational terms, as the bottom. The American upper middle class is reproducing itself quite effectively. Good parenting, but also opportunity hoarding Class reproduction is of course driven by a whole range of factors, from parenting and family structure through formal education, informal learning, the use of social networks, and so on. Some are unfair: playing the legacy card in college admissions, securing internships via closed social networks, zoning out lower-income families from our neighborhoods and school catchment areas. (These “opportunity hoarding” mechanisms are the focus of my forthcoming book, Dream Hoarders.) Inequality incentivizes class persistence It is natural and laudable for parents to want their children to prosper. It is also understandable that they’ll use the resources and means at their disposal to try to reduce the chances of their children being downwardly mobile. They are likely to try even harder if the drop looks big, in economic terms. There is a significant earnings gap between those at the top and those in the middle. But this gap is much bigger in the U.S. than in other nations, and is getting bigger over time: The cost of falling reflects the particular way in which income inequality has risen in recent years: namely, at the top of the distribution. The relationship between income inequality and intergenerational mobility is a much-disputed one, as regular readers of this blog know well. Overall, the evidence for a “Great Gatsby Curve” is quite weak. But at the top of the distribution, there could be some incentive effects linking inequality and immobility. As the income gap has widened at the top, the consequences of falling out of the upper middle class have worsened. So the incentives of the upper middle class to keep themselves, and their children, up at the top have strengthened. It looks like a long drop, because it is. Affluenza Upper middle class Americans do seem worried. In 2011, while around half of American adults making less than $30,000 per year agreed that “today’s children will lead a better life than their parents,” only 37 percent of those making $75,000 or more were as optimistic. The greater spending of upper middle class parents on “enrichment activities” is well known; recent evidence suggests the Great Recession did nothing to reduce it. American upper middle class parents are desperate to secure their children a high position on the earnings ladder. This makes sense, given the consequences of downward mobility for their economic fortunes. Inequality incentivizes opportunity hoarding, which reduces social mobility. Time, perhaps, to lower the stakes a little? Authors Richard V. ReevesNathan Joo Image Source: © Mark Makela / Reuters Full Article
middle class Women’s work boosts middle class incomes but creates a family time squeeze that needs to be eased By webfeeds.brookings.edu Published On :: Thu, 07 May 2020 12:00:00 +0000 In the early part of the 20th century, women sought and gained many legal rights, including the right to vote as part of the 19th Amendment. Their entry into the workforce, into occupations previously reserved for men, and into the social and political life of the nation should be celebrated. The biggest remaining challenge is… Full Article
middle class Comments on “How automation and other forms of IT affect the middle class: Assessing the estimates” by Jaimovich and Siu By webfeeds.brookings.edu Published On :: Thu, 07 Nov 2019 14:00:18 +0000 Nir Jaimovich and Henry Siu have written a very helpful and useful paper that summarizes the empirical literature by labor economists on how automation affect the labor market and the middle class. Their main arguments can be summarized as follows: The labor markets in the US (and other industrialized countries) has become increasingly “polarized” in… Full Article
middle class The US-Africa Business Forum: Africa’s “middle class” and the “in-between” sector—A new opening for manufacturing? By webfeeds.brookings.edu Published On :: Tue, 20 Sep 2016 17:14:01 +0000 Editor’s Note: On September 21, the Department of Commerce and Bloomberg Philanthropies are hosting the second U.S.-Africa Business Forum. Building on the forum in 2014, this year’s meeting again hosts heads of state, U.S. CEOs, and African business leaders, but aims to go beyond past commitments and towards effective implementation. This year’s forum will focus on six sectors important… Full Article
middle class Will robots eat the entire middle class? By www.treehugger.com Published On :: Mon, 18 Feb 2013 11:18:22 -0500 Christopher Mims describes how robots are changing manufacturing and eliminating jobs Full Article Business
middle class Mumbai's married middle class loves getting groceries online By www.mid-day.com Published On :: 29 Apr 2019 01:48:06 GMT Busy Mumbaikars who cannot stop at the local vegetable vendor have found increasing comfort in stocking up their groceries from online portals offering attractive discounts and home delivery, a recent study has found. The study, titled, Assessing the Impact of Online Grocery Shopping in Mumbai found that middle class citizens spent the highest amount of time shopping online due to time constraints. The study found that people between the age group of 35-45, primarily married couples, are regular user of online grocery shopping portals. Representation pic/Getty Images The survey, conducted among 117 respondents in Mumbai, found that people between the age group of 35-45 are regular user of online grocery shopping portals like Amazon Pantry, Grofers, Nature's Basket, Big Basket and others. Married couples are more regular on the sites as well, due to their nature of their jobs. It also observed that websites combining offers or discounts on products along with home delivery services were the main attraction for customers. Pick-up points to collect groceries ordered online, like this one by D-Mart in Bandra east, have also proved to be a hit. Pic/Pradeep Dhivar Dr Rupali Rajesh, associate professor at the Vivekanand Education Society Institute of Management Studies and Research, who published the paper, said accessibility and discounts offered are the main attractions for buyers. "Mumbai is considered as one of the busiest cities where people have to commute for hours. It becomes really hectic for people to go for grocery shopping, which is why the demand for online grocery shopping is growing. I found out through my study that discounts and saving time were the two biggest parameters for deciding the mood of the buyers," Dr Rajesh said. Dr Rupali Rajesh "Our data shows that as many as 41.9 per cent of the surveyed people who regularly use online grocery portals are in the age group of 35-45 years. This is followed by the age group in 25-35, who have a daily usage rate of 31.6 per cent. While interviewing respondents, it was observed that 68 per cent of the users who fall into these two age categories were married. They have to handle office work along with domestic activities, which hardly laves them with enough time to go to the markets," added Dr Rajesh. The study also revealed that citizens earning in the range of R1 lakh to 5 lakh annually did the highest amount of online grocery shopping, mainly due to discounts provided there. Most of these sites provide discounts on groceries, with several offering the highest discounts on weekends. It also pointed out that the possibility of replacing products, wide variety and availability also proved to be a factor for online shopping. 41.9% People in the age group of 35-45 who shop for groceries online 31.6% People in the age group of 25-35 who shop for groceries online 68% Married couples in the two age groups who shop online Rs 1 lakh -Rs 5 lakh Income range of middle class online shoppers (The survey was conducted among 117 participants) Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates Full Article
middle class The Squeezed Middle Class - How does the United States compare? By www.oecd.org Published On :: Wed, 10 Apr 2019 19:59:00 GMT This country fact-sheet presents key figures from "Under Pressure: The Squeezed Middle Class". This report analyses the trends of middle-income households in areas such as employment, consumption, wealth and debt, as well as perceptions and social attitudes. It also includes recommendations for protecting middle-class living standards and financial security in the face of economic challenges. Full Article
middle class The Squeezed Middle Class - How does Canada compare? By www.oecd.org Published On :: Wed, 10 Apr 2019 19:59:00 GMT This country fact-sheet presents key figures from "Under Pressure: The Squeezed Middle Class". This report analyses the trends of middle-income households in areas such as employment, consumption, wealth and debt, as well as perceptions and social attitudes. It also includes recommendations for protecting middle-class living standards and financial security in the face of economic challenges. Full Article
middle class The Squeezed Middle Class - How does Australia compare? By www.oecd.org Published On :: Wed, 10 Apr 2019 19:59:00 GMT This country fact-sheet presents key figures from "Under Pressure: The Squeezed Middle Class". This report analyses the trends of middle-income households in areas such as employment, consumption, wealth and debt, as well as perceptions and social attitudes. It also includes recommendations for protecting middle-class living standards and financial security in the face of economic challenges. Full Article
middle class The Squeezed Middle Class - How does Japan compare? By www.oecd.org Published On :: Wed, 10 Apr 2019 19:59:00 GMT This country fact-sheet presents key figures from "Under Pressure: The Squeezed Middle Class". This report analyses the trends of middle-income households in areas such as employment, consumption, wealth and debt, as well as perceptions and social attitudes. It also includes recommendations for protecting middle-class living standards and financial security in the face of economic challenges. Full Article
middle class The Squeezed Middle Class - How does Austria compare? By www.oecd.org Published On :: Wed, 10 Apr 2019 19:59:00 GMT This country fact-sheet presents key figures from "Under Pressure: The Squeezed Middle Class". This report analyses the trends of middle-income households in areas such as employment, consumption, wealth and debt, as well as perceptions and social attitudes. It also includes recommendations for protecting middle-class living standards and financial security in the face of economic challenges. Full Article
middle class Dividing the pie in Brazil: income distribution, social policies and the new middle class By www.oecd-ilibrary.org Published On :: Thu, 16 Jan 2014 09:18:00 GMT Brazil has made remarkable progress in reducing poverty and inequality. This reduction is explained by strong growth but also by effective social policies. Besides growth, public services and cash transfers have played the biggest role, the latter notably through the successful "Bolsa Familia" programme. Full Article
middle class 'Middle classes in south of England were to blame for stockpiling during coronavirus crisis' By www.dailymail.co.uk Published On :: Thu, 09 Apr 2020 09:24:53 GMT The UK retail giant's chief executive, Dave Lewis, said panic-buyers tended to be more affluent customers from London and that 10 per cent of shoppers were behind a third of Tesco sales. Full Article
middle class Autumn Statement: Osborne launches raid on pensions tax breaks for the wealthy in bid to woo middle class 'strivers' By www.dailymail.co.uk Published On :: Wed, 05 Dec 2012 18:09:02 GMT The tax-free allowance for pensions will be cut from £1.5million to £1.25million over a lifetime and from £50,000 to £40,000 annually - raising an extra £1billion. Full Article
middle class Father says Philip Hammond's raid of middle class tax perks is an attack By www.dailymail.co.uk Published On :: Thu, 24 Nov 2016 01:48:34 GMT Tom Birch, 43, from Bath, earns £100,000 a year in his financial services job and receives extra life insurance, dental cover, and critical illness cover through a salary sacrifice scheme. Full Article
middle class Philip Hammond's 'stealth tax' hits 5m middle class earners By www.dailymail.co.uk Published On :: Fri, 25 Nov 2016 00:46:59 GMT Five million higher earners will be hit by a £200 'stealth tax on Middle England' because of changes to National Insurance Contributions buried in Treasury documents. Full Article
middle class 'Middle class' palaces By indiatogether.org Published On :: Wed, 20 Jul 2005 00:00:00 +0000 Who is buying the new homes that are mushrooming in every city? What income group does this class belong to, and how does their affluent consumption compare to the national average, or to home-buyers elsewhere in the world. Darryl D'Monte finds some of the answers at a session with a human geographer. Full Article
middle class Five rules for tomorrow's cities : design in an age of urban migration, demographic change, and a disappearing middle class [Electronic book] / Patrick M. Condon. By encore.st-andrews.ac.uk Published On :: Washington ; Covelo ; London : Island Press, [2019] Full Article
middle class The global bourgeoisie: the rise of the middle classes in the age of empire / edited by Christof Dejung, David Motadel & Jürgen Osterhammel By library.mit.edu Published On :: Sun, 26 Apr 2020 09:04:30 EDT Dewey Library - HT684.G56 2019 Full Article
