October 21, 2012
Global Lower Middle Class Is Restless
Doug Saunders, Globe and Mail
Around the world, politicians are making the same discovery. Their constituents, who were satisfied simply not to be poor a generation ago, have now entered an era that might be called the Great Frustration. Those people on the lowest edge of the middle class – in both poor and rich countries – have discovered they have little chance of advancing further. In countries such as Canada, they may be starting to slip back.
TAGGED: Canada, Chile, Brazil, global economy, Poverty, South Korea