Report
Patrick Artus

How to maintain a prosperous middle class?

A prosperous middle class is essential for several reasons: To maintain social mobility, enabling working class children to access the middle class. A lack of social mobility leads to strong social and political tensions; To sustain demand for goods and services, and in particular to provide a sizeable market for the new goods and services that result from innovation. A prosperous middle class requires: First, that a large number of middle class jobs remain (industry, industry-related services) relative to high - skilled jobs (new technologies, finance, etc.) and relative to low-skilled jobs (domestic services); Second, that middle-class wages (which can be proxied by the median wage) grow at a normal rate, at the same pace as productivity. It is clear that the middle class in OECD countries is not prosperous today.
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

Other Reports from Natixis

ResearchPool Subscriptions

Get the most out of your insights

Get in touch