February 3, 2013
PITY THE POOR AMERICAN MIDDLE CLASS...:
The Virtual Middle Class Rises (THOMAS L. FRIEDMAN, 2/02/13, NY Times)
I ENCOUNTERED something on this trip to India that I had never met before: a whole new political community -- India's "virtual middle class." Its emergence explains a lot about the rise of social protests here, as well as in places like China and Egypt. It is one of the most exciting things happening on the planet. Historically, we have associated democratic revolutions with rising middle classes achieving certain levels of per capita annual income -- say, $10,000 -- so people can worry less about basic food and housing and more about being treated as citizens with rights and with a voice in their own futures. But here's what's fascinating: The massive diffusion of powerful, cheap computing power via cellphones and tablets over the last decade has dramatically lowered the costs of connectivity and education -- so much so that many more people in India, China and Egypt, even though they're still just earning a few dollars a day, now have access to the kind of technologies and learning previously associated solely with the middle class.
...if only this information and technology revolution hadn't by-passed us we'd have rising living standards too.
Posted by Orrin Judd at February 3, 2013 8:28 AM
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