Small Business Labs

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Asia's Surging Middle Class Driving Global Growth

Small Business Labs

While it's hardly new news that Asia's middle class and economies are growing, it's still worth looking at the amazing numbers behind this. According to  Asia: Leaning In , a report from the giant global investment management firm KKR, Asia's middle class will increase from 1.4 billion in 2015 to 3.5

2015 145
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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.   Further supporting the articles listed above, the Pew study found the share of Americans with middle class incomes has declined from 61% in 1971 to 50% in 2015.

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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Self-Employment Shifting to the Creative Class

Small Business Labs

Well known author and academic Richard Florida has written extensively about the rise of the creative class. According to his work, the creative class - a grouping of knowledge-based professions - has rapidly increased its share of total employment over the last 2 decades and now  comprises about one third of all U.S.

2003 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. 

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