ILD, thats a good interpretation of what I meant.
Pib, I did not mean that there was no middle class in the DR, just that because the income distribution is much more unfair in the DR....and because the average salary in the DR does not allow for investment and savings....then the middle class has less power to effect change in the DR.... the amount of money, both in absolute DR$ and as a percentage of DR GDP, controlled by the middle class, is a lot less in the the DR than in the USA...and with the latest muggings by your esteemed PRD, you have even less money left over to create a better future.
In the USA, the term "middle class" is often meant to portray a married couple with children. This "family" earns about 3X the per capita income. The adults are more likely to be college educated. In about 1/3 to 1/4 of the families, both the parents now work. The problem in the DR, as well as many other poor countries, is that the money always ends up in the hands of a very select few.
http://www.census.gov/prod/3/98pubs/p23-196.pdf
The Golden Rule: she who has the gold makes the rules.
Pib, I did not mean that there was no middle class in the DR, just that because the income distribution is much more unfair in the DR....and because the average salary in the DR does not allow for investment and savings....then the middle class has less power to effect change in the DR.... the amount of money, both in absolute DR$ and as a percentage of DR GDP, controlled by the middle class, is a lot less in the the DR than in the USA...and with the latest muggings by your esteemed PRD, you have even less money left over to create a better future.
In the USA, the term "middle class" is often meant to portray a married couple with children. This "family" earns about 3X the per capita income. The adults are more likely to be college educated. In about 1/3 to 1/4 of the families, both the parents now work. The problem in the DR, as well as many other poor countries, is that the money always ends up in the hands of a very select few.
http://www.census.gov/prod/3/98pubs/p23-196.pdf
The Golden Rule: she who has the gold makes the rules.
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