Is life getting tougher? The squeeze facing Australia’s middle class

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Widening income and wealth gap.(ODT)

Middle-class Australians are being squeezed into lower incomes or absolute poverty at some of the fastest rates in the developed world, according to a new international report that warns of the growing threats from job automation.

Ahead of an election campaign that will be dominated by appeals to a “fair go” and “equality”, a report from the OECD released on Thursday said high-income earners in Australia were grabbing a larger share of national income, leaving less for the rest.

via Is life getting tougher? The squeeze facing Australia’s middle class

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