What will become of the middle class?

It seems clear that we live in an age of growing inequality, as a recent BBC analysis showed. And this inequality has a particular shape to it, because its prime feature is the evisceration of the middle class. It arises from the process of globalization which, in its early phases, most obviously threatened the working classes, exposed to international competition for labour. Now, across the developed world, the middle classes feel the squeeze: the middle class is turning proletarian. Althoug