84% of world population have incomes below US poverty line

One of the great myths of our time has been that vast numbers of people in the developing world have suddenly become “middle class”.  This myth seemed to grow out of a confusion between the phrase ”middle income” and “middle class”.  Every country has people who are “middle income”.   But as we discussed in Boom, Gloom […]

84% of world population have incomes below US poverty line Read More