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No sacred cows

Gone are the days when the middle class could afford to go skiing

9 March 2019

9:00 AM

9 March 2019

9:00 AM

It won’t be news to readers of The Spectator that one of the long-term effects of globalisation is the hollowing out of the middle class. In a study of wage growth in ten advanced economies published a few years ago, the Resolution Foundation found that median pay lagged behind growth in GDP, with the gap between the middle class and the highest-paid growing and the gap between them and the lowest-paid shrinking.

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