In Germany market economy is social, unions strong and income disparities refreshingly small. While not completely wrong, this is not quiet true anymore. New figures suggest that in the last decade despite rapid economic growth and exploding wages for already high-income earners, the lowest income class has suffered a significant net loss in purchasing power….
Tag Archive: Income
Indonesia – On the Shopping Spree
Indonesia’s middle class (more than US$ 3000 available income per year) is rapidly expanding. Only 1.6 million people in 2004, it is now about 50 million people and according to analysts it will be close to 150 million in 2014. And they put their income to good use. Indonesians bought 8 million scooters and 750’000…
Russia – Get Rich Without Working
According to this interview, new society with new values and ideals is growing in Russia. Actually it is rather one new ideal: money! The more, the better, ideally without working for it and typically without any consideration for social, moral or ecological losses. In the west, money is usually – with the obvious exception of…
