Small Business Labs

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The Shrinking U.S. Middle Class and Economic Uncertainty

Small Business Labs

Pew Research's The American Middle Class is Losing Ground helps illustrate one of the most powerful trends impacting society - rising economic uncertainty. Key quote from the HBR article: America is producing ample prosperity. Large    As 538 points out in their article on the study , the news is not all bad.

2015 100
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Fewer Americans See Themselves as Middle Class

Small Business Labs

According to a recent study by Pew Research , only 44% of Americans self-identify as being middle class.     Over the same time frame the percent of Americans saying they are lower or lower-middle class rose 15 points, from 25% to 40%. The decline in the middle class has profound business impacts.

2014 100
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Economic Uncertainty Hits Millennials; Only 1/3rd Feel They are Middle Class

Small Business Labs

The Guardian's  US millennials feel more working class than any other generation  covers data from the General Social Survey showing that the number of millennials (born 1980 to 2000) who consider themselves middle class has fallen from 45.6% in 2002 to 34.8% So it's not just millennials.

2002 100
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Will the New Artisan Economy Save the Middle Class?

Small Business Labs

How Technology Wreaks the Middle Class covers the growing concern that automation and technology is replacing many middle class jobs. The good news is the article's authors see growing opportunities for a new class of middle class jobs.

Medical 100
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Global Middle Class Booming; Poverty Declining

Small Business Labs

The Christian Science Monitor's Surging BRIC middle classes are eclipsing global poverty  does a great job describing the surging number of people entering the middle class around the world.    The increase in the size of the global middle class is also resulting in declines in the global poverty. 

2020 100
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Most Musicians Earn Little on the Music Streaming Site Spotify

Small Business Labs

The Rolling Stone article The Rosy ‘Creator Economy’ Is Music’s Biggest Lie discusses the dramatic lack of revenue for many artists involved in the creator economy.    Regarding the streaming platform Spotify, a key finding from the article states: “Spotify's site informs us that just 13,400 artists (0.2

2020 161
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The New Serfs and the End of the Middle Class

Small Business Labs

  The TechCrunch article points out that many of the sharing economy's firms require the availability of a low wage work force. The New Serfs :    If current trends continue, the fastest growing class will be the permanently property-less.  Key quote: " let’s face it, “sharing economy” is mostly spin.

Expenses 100