Hourglass economy
id:
hourglass-economy-180-1407845
title:
Hourglass economy
text:
An hourglass economy is an economy that produces more upper and lower classes, causing a decline in the middle class. An example would be during the Industrial Revolution when the introduction of efficient machinery created stratification of the classes with more lower paying unskilled jobs. This can be seen when the peak of a particular business model is growing and the antapex is growing drawing the middle in tighter and tighter.
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Hourglass_economy
date created:
2011-12-14T22:25:59Z
date modified:
2024-09-05T08:04:10Z
main entity:
{"identifier":"Q5913427","url":"https://www.wikidata.org/entity/Q5913427"}
image:
fields total:
13
integrity:
14