First, poor Indians in the ascending class are happier than rich people in the descending class.
Second, ascent/descent captures rate of change, shows class isn’t static.
Last, all can ascend.
Rather than assume static categories, like developed/developing world or rich/middle-class/poor, it puts the focus on rates of change.
https://twitter.com/balajis/status/1362640635006713857
Roughly speaking, most of the world along with the global elite has been economically gaining in recent years, while the Western middle class has not.
brookings.edu/research/whats…
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