Describe the changes in income and purchasing power of the urban middle and working classes.

- Who made the greater gains?
- Who lagged behind?

People who are wealthier have money to spend to stay happy, wealthy, and able to work, etc. So this wealth gives them an advantage to stay wealthy. So the rich stay rich and the poor stay poor

Answered by icedraptor88 | 2024-06-10

The middle class briefly flourished during urbanization, facing stagnation later on, while the working class often remained impoverished. The income and purchasing power disparity widened as the elite benefited significantly more than other classes. Rising incomes for the wealthy exacerbated inequality, and stagnating wages hindered the participation of the lower classes in economic advancements. ;

Answered by muskangoswami8788 | 2024-06-24

During the Industrial Revolution, the urban middle class significantly improved their income and purchasing power while the working class lagged behind, often facing poor living conditions and stagnant wages. The middle class capitalized on economic opportunities presented by industrialization, while the working class struggled to share in those gains. This disparity has had lasting effects on socio-economic structures.
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Answered by muskangoswami8788 | 2024-10-02