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Exact(9)
The middle class shrank.
The middle class shrank, both as a share of the population and geographically.
And 108 experienced both: The middle class shrank as the ranks of both the poor and the rich grew.
This did wonders for competitiveness, sharpening Germany's dependence on exports, but wages stagnated and the middle class shrank even as high-income earners enjoyed a tax cut.
Nor was there any mention of how powerful corporations and moneyed interests have played the game in Washington to their great advantage while the middle class shrank.
Industries left, the middle class shrank, the working poor struggle to rise and the destitute fall.
Similar(51)
Without a shift in Washington to encourage growth over "damaging" austerity, he added, not only would the middle class shrink, but in turn, contentious issues like trade, climate change and immigration could become harder to address.
As the middle class shrinks under pressure from the top and bottom of the income spectrum, the danger is that growing inequality will create a society of haves and have-nots, rather than one based in shared, broad-based prosperity.
For too long, we've watched our middle class shrink as we've exported our jobs and wealth to foreign countries.
With the middle class shrinking now and college costs skyrocketing, it is little wonder that Mankiw's relatively wealthy children now have the same opportunities that middle-class children once had.
He was back to his old rhetoric on jobs: "For too long, we've watched our middle class shrink as we've exported our jobs and wealth to foreign countries".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com