Thank you capitalism!

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A new global majority: Half the world is now middle class or richer, study finds

For the first time in human history, just about half the world's population is considered poor or vulnerable to poverty - and the middle class now accounts for the globe's largest economic group, according to a new report.

As of September 2018, an estimated 3.8 billion people now live in households that qualify as middle class or rich, according to an analysis by the Brookings Institute.

Researchers say it's a significant tipping point for humanity, marking the first time ever the poor and those on the verge of poverty are no longer a global majority.

'This is the period of the most rapid expansion of the global middle class that we have ever seen and that we will ever see,' said Homi Kharas, a co-author of the report for Brookings in an interview with Dailymail.com.

https://www.dailymail.co.uk/news/article-6227745/A-new-global-majority-H...

Let's just say that the economic systems favored by PyramidHead didn't make this happen.

On the surface, this feels like deja vu all over again....

Thank you unions and the labor movement for creating the middle class.

Yes, this is a repeat of a thread from about two months ago.

No homes for the working class.

This particular post will seem quite random, but my son has been telling me lately that more people have cell phones than toilets.

 

Most articles are from 2013 when UN released such results, but here is an article from 2016:

 

http://fortune.com/2016/01/15/cellphone-toilet/

 

This article seems to have a capitalistic bent (2013):
 

https://www.forbes.com/sites/timworstall/2013/03/23/more-people-have-mob...

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