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Chile leads continent in
social mobility, World Bank says

Santiago Times [Santiago, Chile], by Gwynne Hogan

Original Article

Posted By:PageTurner, 11/16/2012 1:12:23 AM

Latin American middle class has grown by 50 percent between 2003 and 2009, World Bank revealed in a study made public Tuesday. The World Bank gauged “middle class” as workers who earn between US$10 and $50 a day. About 42 percent of Chile’s population was said to be part of the middle class ranking it third in the region after Uruguay and Argentina. “Chile is one of the countries with the strongest middle classes in Latin America,” Jamele Rigolini Senior Economist at the World Bank told The Santiago Times. “It is already a middle class society, or really close

Comments:
Chilean Model strikes again! This is what happens when you embrace fiscal discipline and free markets.

      


Post Reply  

Reply 1 - Posted by: jond, 11/16/2012 1:33:19 AM     (No. 9017584)

... and when you boot the communists.

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Reply 2 - Posted by: downtowngal, 11/16/2012 6:39:57 AM     (No. 9017723)

Many of California´s farmers from the Central Valley have relocated to the buisiness friendly, Chili.

Once the breadbasket of the world, our Central Valley is now a wasteland thanks to politicians and their extreme environmentalist constituents.

Chile´s American educated president saw the beauty of capitalism and turned that country into a dynamic marketplace full of talent and opportunity...wish Obama would look at him as a model and not Hugo Chavez.

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: wepeople, 11/16/2012 7:15:53 AM     (No. 9017780)

The left continues to attack the deceased Pinochet but he stomped the communist and the left to save the country. Mind you it took a bloody "armed" revolution to do it!

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Reply 4 - Posted by: GringoinQuito, 11/16/2012 7:17:38 AM     (No. 9017783)

Chile gets it right. The USA will end up like the Congo.

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Reply 5 - Posted by: maggie2u, 11/16/2012 9:27:45 AM     (No. 9018077)

My SIL is from Peru. He left about twenty years ago to continue his education in the U.S.
Last month he and our daughter moved to Peru because of a job transfer and my daughter tells us he´s the one suffering ´cultural shock´ because so much has changed for the better since he left.

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Reply 6 - Posted by: civilservant, 11/16/2012 9:35:32 AM     (No. 9018094)

All thanks to Milton Friedman!!!

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Reply 7 - Posted by: thomthomp, 11/16/2012 11:55:23 AM     (No. 9018511)

From the article:

“This amazing growth of the middle class, not just in Latin America but all over the world, reflects a structural change,” Rigolini said. “The rise of the middle class is happening all over.”

Except in the United States where Obama is intent on destroying the middle class and succeeding.

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