Is the American Middle Class Losing Out to China and India? - NYTimes.com
Branko Milanovic,
a visiting professor at CUNY who once served as a senior economist at
the World Bank, has tracked worldwide changes in income growth from 1998
to 2008. Milanovic calculates
that the middle class in China and India experienced 60 to 70 percent
income growth from 1998 to 2008, while growth stalled for the middle and
working classes in the United States.
a visiting professor at CUNY who once served as a senior economist at
the World Bank, has tracked worldwide changes in income growth from 1998
to 2008. Milanovic calculates
that the middle class in China and India experienced 60 to 70 percent
income growth from 1998 to 2008, while growth stalled for the middle and
working classes in the United States.
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