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.
Already a subscriber? Log in
As the US decides, so can you
Subscribe today and get a $50 Amazon gift card if you correctly predict the next US president.
- Unlimited access to spectator.com.au
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Unlock this article
You might disagree with half of it, but you’ll enjoy reading all of it. Try your first month for free, then just $2 a week for the remainder of your first year.
Comments
As the US decides, so can you
Subscribe today and get a $50 Amazon gift card if you correctly predict the next US president.
SUBSCRIBE AND ENTERAlready a subscriber? Log in