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China's and India's mass middle classes have seen only uninterrupted growth.
The pressure of the attention economy means that for many years the decline of "the mass middle" has been predicted; now the data suggests it has arrived.
The first occurred in the 19th century with the creation of the first mass middle class in western Europe (see chart 1).
Our top tax rate hovered around 90% for the next two decades, a span of time that saw the United States give birth to the world's first mass middle class.
Twentieth-century American capitalism was built on what you might call the Henry Ford model — generously compensated workers (Ford paid double the existing rate) created a mass middle class that bought the products of the country's entrepreneurs.
McKinsey, a consultancy, reckons that in 2012 only 14% of urban households belonged to what it calls the "upper middle class" (with an annual household income of 106,000-229,000 yuan, or $16,000-34,000 16,000-34,000 terms) and 54% to the "mass mindle class" (with an income of 60,000-106,000 yuan).
Similar(43)
Server farms don't create mass middle-class employment.
It's like watching a mass, middle-class jailbreak.
To stay up late on a Tuesday in other countries, you need a pretty substantial hook to hang the indulgence on: a party put on by a DJ from Iceland who spins decks built in to his earlobe disks, say, or a mass middle-class protest movement to topple a socially backward autocrat.
It's just that in modern Britain, where the newspapers are edited by ex-music writers and the TV stations run by recent redbrick graduates, the underground is what's left over after the mainstream's sucked out anything that is deemed to possess the right kind of politics, morality, taste and cultural value for mass middle-class audiences.
The British government had at its disposal a mass of Middle Eastern experience and no shortage of machinery to bring this experience to bear.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com