Trade can worsen income inequality, study finds

International trade exacerbates domestic income inequality, at least in some circumstances, according to an empirical study that two MIT economists helped co-author.

Middle class woe

the American middle class has been battered by the loss of well-paying jobs for the 70 percent of the workforce without a college degree and failed by would-be protectors in government and private institutions, said panelists ...

UK: Survey charts emergence of new class system

The traditional view of a Britain made up working, middle and upper class people is no longer accurate, according to one of the largest studies of its kind.

China search giant Baidu sees lift from travel deal

Chinese search giant Baidu said Thursday it expects a new travel services partnership to help drive future revenue as the country's middle class grows, after it reported better-than-expected third quarter earnings.

Widening income gap means less grocery variety forĀ all

Even before COVID-19 and resulting shutdowns created gridlock for some global supply chains, the assortment at many neighborhood supermarkets was dwindling. The cause was not a lack of supply, though, but rather a lack of ...

New start-ups want to become the 'African Netflix'

A crop of new tech entrepreneurs from Africa and its diaspora are hoping to bridge the continent's growing middle class and booming film industry in a quest to become the "African Netflix".

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