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Category Archives: Squeezed middle
George Soros foresees US class war
In a recent interview with Newsweek, George Soros has said that he foresees “riots on the streets [in the USA] that will lead to a brutal clampdown that will dramatically curtail civil liberties.” This is not good news for US … Continue reading
Social tensions rise
After two weeks the ‘Occupy Wall Street’ protests are growing, not shrinking. http://www.ft.com/cms/s/0/4243f648-ed34-11e0-be97-00144feab49a.html The American Dream is no longer a house in the suburbs, it is a secure job. And almost any job will do. http://www.ft.com/cms/s/0/d49abc24-eb5a-11e0-9a41-00144feab49a.html And in the UK, … Continue reading
Posted in Arab Spring, Social, Squeezed middle, Unemployment
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Stagnating UK defence budgets lead to job losses
The 3,000 job losses announced by BAE Systems will “devastate” local economies according to politicians and union leaders. Defence budgets are stagnating. As the chief executive of BAE Systems put it, “Our customers are facing huge pressures on their defence budgets … Continue reading
Ride-sharing increasing in the UK
The number of people sharing car journeys is increasing, not just for commuting, but more significantly for leisure journeys. http://www.ft.com/cms/s/0/8808ba5e-e435-11e0-b4e9-00144feabdc0.html
Posted in Social, Squeezed middle
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Squeezed middle feels the pinch
The phenomenon of the squeezed middle has emerged in most advanced economies, as earnings at the top of the income distribution continue to rise but middling incomes have stagnated and the need for jobs demanding mid-range skills drops. http://www.ft.com/cms/s/0/89e5a388-d4a3-11e0-a42b-00144feab49a.html
Posted in Social, Squeezed middle
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