In a piece discussing patterns in world growth over the last three decades Eduardo Porter told NYT readers:
"What’s happened is that while income growth stalled for middle-class workers in developed countries and surged for people in the 1 percent, it also grew sharply for hundreds of millions of workers in China, India and other Asian countries. In the late 1980s, for instance, workers in the middle of China’s urban income distribution made 56 percent of the median American income, according...
Published on March 19, 2014 02:40