No "average worker" in any communist country is improving through capitalism. This is the most asinine notion there could ever be. They do not have free enterprise in communist countries. You go to work at the factory where the government tells you to, and you do your job the way they tell you to, and if you keep your mouth shut and don't cause any problems, you get your $1 at the end of the day and a bowl of rice. And that's what you can expect tomorrow and the day after that.
The communist government profits from the capitalist trade. More trade simply means greater demand for more productivity from the workers. They don't realize the profits, they just get to do all the extra work. The profits of capitalism all go to the State, and they spend most of it funding military entities who fight for more communism.
But hey... that's all perfectly fine with Liberals, they've elected a Commie president twice and would gladly give him a third term or even make him dictator for life, if they could. It's not surprising to see them celebrate this as some great accomplishment.
Mapping China’s middle class
Generational change and the rising prosperity of inland cities will power consumption for years to come.
The explosive growth of China’s emerging middle class has brought sweeping economic change and social transformation—and it’s not over yet. By 2022, our research suggests, more than 75 percent of China’s urban consumers will earn 60,000 to 229,000 renminbi ($9,000 to $34,000) a year.
1 1.All income figures refer to annual household disposable income, in real (2010) terms.
In purchasing-power-parity terms, that range is between the average income of Brazil and Italy. Just 4 percent of urban Chinese households were within it in 2000—but 68 percent were in 2012.
2 2.Households in this income range, which we define as middle class, spend less than 50 percent of their income on necessities and display distinctive consumer behavior. In the decade ahead, the middle class’s continued expansion will be powered by labor-market and policy initiatives that push wages up, financial reforms that stimulate employment and income growth, and the rising role of private enterprise, which should encourage productivity and help more income accrue to households.
3 3.For more, see “
What’s next for China?,” January 2013. Should all this play out as expected, urban-household income will at least double by 2022.
Mapping China s middle class McKinsey Company
So as China's Middle Class gains wealth, the US Middle Class spins it's wheels and weakens.
The American Middle Class Hasn’t Gotten A Raise In 15 Years
In 1988, the typical American adult was 40 years old, white and married, with a high school diploma. If he was a man, he probably worked full time. If she was a woman, she probably didn’t.
Twenty-five years later, Americans are older, more diverse and more educated. We are less likely to be married and more likely to live alone. Work is divided more evenly between the sexes. One thing that hasn’t changed? The income of the median U.S. household is still just under $52,000.
The
government’s release last week of income and poverty data for 2013 brought
renewed attention to the apparent
stagnation of the American middle class — not just since the financial crisis hit six years ago this month, but for much of the decade that preceded the crash. The report showed that the economic recovery has yet to translate into higher incomes for the typical American family. After adjusting for inflation, U.S. median household income is still 8 percent lower than it was before the recession, 9 percent lower than at its peak in 1999, and essentially unchanged since the end of the Reagan administration.
The American Middle Class Hasn t Gotten A Raise In 15 Years FiveThirtyEight
