The Rising Global Middle Class

Discussion in 'Economy' started by Toro, Feb 15, 2009.

  1. Toro
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    Toro Diamond Member

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    I keep seeing this line of reasoning that companies are using "slave" labor in China. As a generalization, this is dead wrong, though I'm sure someone can find anecdotes and isolated examples of this somewhere in Asia (as you occasionally can here in America).

    Well, The Economist has a good piece this week about the rise of the middle class around the world, which, as those who have been paying attention know, has been rising.

    [​IMG]

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    A special report on the new middle classes in emerging markets: Burgeoning bourgeoisie | The Economist
     
  2. Agnapostate
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    Agnapostate BANNED

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    The second-lowest spike on that graph occurs during the neoliberal era of the 1980's.

    Are you sure that effectively accounts for population growth in Asia? I'm not claiming anything one way or the other; I'm simply inquiring.
     
  3. Toro
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    Toro Diamond Member

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    It is the percentage of total, so yes, by definition it includes the rising population.
     
  4. Annie
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    Annie Diamond Member

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    so, are 'we' to be defined by the Asian middle class? Is that the message?
     
  5. Agnapostate
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    Agnapostate BANNED

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    I've encountered a comparison that accounted for world total in one region and not the other, so I tend to be skeptical at this point. After encountering something so ruthlessly disingenuous, you can never be sure.
     
  6. editec
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    editec Mr. Forgot-it-All

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    Exactly, Annie.
     
  7. auditor0007
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    auditor0007 Gold Member

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    As the middle class grows in countries such as China, India, and others, their costs of production will increase as ours have, eventually making us more competetive again. This is where the idea of free trade will help us in the long run, although it has hurt us recently.
     
  8. Care4all
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    Care4all Warrior Princess Supporting Member

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    businesses required by the gvt to report if one of their workers is pregnant and forcing her to abort her child, is not a form of free labor imo.
     
  9. Diuretic
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    Diuretic Permanently confused

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    Small anecdote. I was in Hong Kong a few years ago and having a beer with a mate who works there and I asked him what possessed Hong Kong to create a Disneyland in HK. I said they've got them in the US and France and japan, why another? Who is going to come to Hong Kong to visit Disney?

    He had a big :D on his face and he responded, "the Chinese."

    I felt very :redface:
     
  10. Care4all
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    Care4all Warrior Princess Supporting Member

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    :lol::lol::lol:
     

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