Germany’s declining middle class

Even though Marx’s well-acknowledged truth that capitalism creates two classes is over 160 years old, class remains a much debated issue. Marx’s idea is relatively straightforward. In capitalism, there are two classes: firstly, there are workers or proletariat. Workers need to sell their ability to work as workers don’t own any means of production, or the ability to purchase the labor power of others.
Secondly, there is the class of capitalists. They own the means of production – companies and corporations – and purchase labor’s work while paying wages. Turbo-charged since the birth of neoliberalism during the 1980s, profits and productivity have left wages behind during the last 40 years. As a consequence, the rich get richer while the working class’ income has grown at a much lower rate, and for some, it has stagnated.








