hourglass economy
n.— «Karr points out larger increases in job growth in the high-wage and low-wage ends of the income spectrum. He said CPI has noticed declines in job growth for the middle class for a number of years. “We’ve termed it the “hourglass economy,”” he said. “It will really limit opportunities for the future.”» —“Effect of Wage Relief Uncertain” by Kelly Bennett VoiceOfSanDiego.org (San Diego, California) Aug. 30, 2006. (source: Double-Tongued Dictionary)
Further reading
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