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Meanwhile, flushed with free money, the 1% has got richer.
For as the west has got richer, its demand for clothes has steadily risen.
AS IS WELL known by now, China has got richer faster than any large country in history.
As the UK has got richer, average incomes have grown pretty consistently since the second world war.
Perhaps Musical chairs Soaring In brief Smoke signals ReprintsBut the RPI has grown by much less than the rate at which the average Briton has got richer.
As Homi Kharas, a Brookings Institution poverty analyst, says: "As the world has got richer and poverty numbers have fallen, so the potential cost of putting a social floor under the world's poorest people has tumbled".
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China is unique in getting old before it has got rich.
Now it has got rich, its workers want not only more money but easier hours.
The region has got rich on mining and real estate, and so have its party officials.
Who has got rich on this?
SEOUL — As "Gangnam Style" gallops toward one billion views on YouTube, the first Asian pop artist to capture a huge global audience has gotten richer click by click.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com