(Special Report - Amazon)
We often hear about the common term of classes in different societies, which in turn has divided the categories of one society into several classes of upper, middle and poor.
As the economic and technological development accelerated in the modern era, the hierarchy of the classes began to take a different direction, as the poor class became poorer and miserable, and the middle class approached erosion, which is the layer that It represents the largest segment in modern societies.
The erosion of the middle class and its increase in poverty have serious repercussions on the economy of any country. The low standard of living of this layer is translated into a weakening of the purchasing power of the largest segment of society and its reflection. Negatively on the various financial institutions and a larger aspect of the consumer sector.
With the economic and life pressures faced by the owners of the middle class in society, financial institutions, especially banks, will have to turn part of it to increase its share of the market of wealthy clients, profitable, Meanwhile, the largest customer base of most banks will remain the middle income earners.
At the level of the consumer sector, the weak purchasing power of this large class in society will create a kind of stagnation for specific types of commodities, especially recreational and luxury, and some of the perennial, thus reducing Opportunities to produce more of these commodities and reflect this negatively on the manufacturing process and the trend towards reducing employment and thus increasing unemployment rates.
No society, whether advanced or developing, is free of the pressures necessary for entry and salaries. These problems are as they exist in emerging countries that we see in advanced countries such as France, England and even the United States of America. , And daily news bulletins are not free from unemployment problems, poor salaries and labor protests because of these chronic problems.
With the development of technological life, the middle class in society will be exposed to more pressure, especially in light of the trend to develop advanced methods within work and the trend towards automated work and dispensing with .. .
