The Declining Middle Class

There has been a steady decline of the middle class in progress since the first energy crisis in the 70s, coupled with rising income disparity, with the traditional bell curve of socio-economic class becoming flatter and rectangular. This will continue to have a deep impact on society and the global economy, from a middle class revolt to the rise of entrepreneurship by sheer necessity. Business would do well to take notice of these developments, and this lecture provides a perspective lens into this phenomenon.

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