Is the pain of the K-shape economy bleeding into the middle class?
Canada's middle class appears to be struggling, with new data showing more are taking on debt as financial pain bleeds out into broader sections of the economy.
#Canada #Consumer #Economy #CostofLiving
https://globalnews.ca/news/11736562/debt-k-shaped-economy-equifax/
Is the pain of the K-shape economy bleeding into the middle class?
Canada's middle class appears to be struggling, with new data showing more are taking on debt as financial pain bleeds out into broader sections of the economy.
#Canada #Consumer #Economy #CostofLiving
https://globalnews.ca/news/11736562/debt-k-shaped-economy-equifax/

“Over the past three-and-a-half decades, #India's #SoftwareIndustry has created millions of #WhiteCollar jobs, spawning a new #MiddleClass driven by high ambition and strong purchasing power. This, in turn, has fuelled demand for apartments, cars and restaurants across top-tier cities such as #Bengaluru, #Hyderabad and #Gurugram over the past 30 years.

The #NiftyITIndex of 10 of the country's biggest software companies is down some 20% this year, wiping out tens of billions of dollars in investor money.
The #SellOff began early in February after #Anthropic's #Claude agent released a new tool that it claimed could automate key legal, compliance and data processes, hitting at the heart of the #LabourHeavy industry's #BusinessModel.”

#AI / #ArtificialIntelligence / #software / #engineering <https://bbc.com/news/articles/c5yrq1090p8o>

Bengaluru: Can India's $300bn outsourcing industry survive AI?

Indian IT stocks have plunged as fears grow of AI disrupting back offices. But some say these are overblown.

Canadians aren’t imagining the cost-of-living crisis | The-14

New data show Canada’s cost-of-living crisis is real, driven by wage insecurity, housing costs and inequality, not perception or social media hype.

The-14 Pictures
A. Mechele Dickerson - Restoring the American Middle Class One Policy at a Time | The Daily Show

YouTube
A. Mechele Dickerson - Restoring the American Middle Class One Policy at a Time | The Daily Show

YouTube

Capitalism has a Math Problem: How Wealth Growth Devours the Middle Class

Anand Giridharadas reveals how the “Epstein class” protected power and privilege across parties while victims waited for justice.

#capitalism #corporatePower #economicJustice #exponentialGrowth #FederalReserve #laborRights #MedicareAdvantage #MiddleClass #PewResearchCenter #progressiveEconomics #socialSafetyNet #ThomasPiketty #wealthInequality https://wp.me/p1OjMZ-oJa

"The aligned interests of the Republicans and the billionaire owners of news media corporations is also why, no matter how loudly or how strenuously Democrats accuse Trump of implementing “the largest peacetime tax hike in US history,” the allegation rarely breaks through.

Basically, if it’s a tax on them, elites make it sound like a tax on you. If it’s a tax on you, they make you wonder if it’s a tax at all."

#Trump #tariffs #taxes #economy #MiddleClass #EconomicElites #media
/4