MIDDLE CLASS ROLE IN THE ECONOMIC DEVELOPMENT OF A NATION

Middle class though originally a group of merchants which arose in the early 14th century has now become an indispensable part of  the society on whose shoulders the global economy relies though in many developed Nations middle class helps in establishing balance between the rich and poor class . For instance mainly boss belongs to the rich class and 4 class employees belong to the lower class and  while 2 , 3 and in some cases 1 class employees are considered to be middle class , So we can clearly understand that this middle class works as the main processors they are nothing less then the CPU of many computers but this is a mere role of the middle class in a developed nation but how do this class support economic growth of a nation ? Why are they considered to be backbone of a developing nation ? but first I shall let you guys know that WORLD BANK has made a declaration that anyone with a annual income between $ 1,026 and $12,375 are considered to be middle class no matter of their occupation or any other ground . Now we are able and free to begin our main topic that is -     

                    

IMPORTANCE OF MIDDLE CLASS IN THE DEVELOPMENT OF A NATION 

 

To be very clear the contribution of middle class in the development of a nation is way too broad and vast to be explained . There's always something new to this class and even I am not going broad in this topic and I would just talk about the contribution of middle class in the most important sector which determines the prosperity of a nation in both the running and coming time " PRODUCTIVITY ". Now a question might be again arising that if it is about productivity why not the rich ? after all they are factory owners and mostly have a large scale established business thus high productivity scale but we have to be theoretical and understand that productivity is nothing but the combination of 2 different words - INNOVATION and MASS SUPPORT  . Lets understand this topic in detail 

" What is calculus of Innovation ? the calculus of innovation is really quite simple : knowledge drives innovation and innovation derives productivity and productivity derives economic growth for a nation and individual  "

                                       

                   WILLIAM BRODY

              (A Renown Scientist and Inventor )

                                                   INNOVATION

Lets begin with our first topic INNOVATION , as said by William Innovation begins from knowledge and I want to add that not the bookish knowledge but rather the true knowledge learned through daily adventures in any field of life and to be on the point almost 90 % of rich class cant afford these daily adventures and are forced to be confined to live through the bookish knowledge which might help them continue their old established business in that old market but not the newly establishing mega market . For this newly establishing market we need some new innovation in contrast to the new basic needs and wants of the modern society . Now if we talk about the poor class they are great innovators specially great helpers in contrast to daily hack problems as they have lack of money and whatever they have to do it has to be in that limited financial strength though their status is their greatest strength but also their biggest backdrop as they might not be able to constitute their plan due to many socio-economic problems .  We could understand that Innovation is mostly possible through people living with these 2 important factors :  financially stabled life and our connected with the so called wants and needs of the present and coming society . In short we need a social class which is a mixture of  both the prose : have a socio-economic stability and shall have a blend of knowledge of both kinds and to be very true in my words this statement clearly defines middle class . 

                         Middle class is usually defined by morals like hardwork , ambition and goal orientation mainly because of normal human behavior which is to be at the top of the ladder at any cost specially when they are just 2 to 3 steps away . Middle class specially Upper middle class has an everlasting desire to be counted among Rich thus after coming out of the hesitation zone they wont mind crafting there creativity into something innovative or crafting the ideas of any lower class man into a new innovation as their own by providing financial stability . Thus every mega industry giant is nothing but a nation with majority of its subject as middle class . 

                              MASS SUPPORT

" Man is a social animal " is a mass used quote we all are familiar with but who would say that this quote might hold a little significance even here also anyway coming back to our main topic nothing could be done without socio-economic support the best example of what I am saying is the current position of the lower class they have high innovative skills but then the problem arises when because of their unstable status no one comes forward to support these guys either socially or economically for example I would insist you guys to watch the movie Padman starring Akshay Kumar . Now what they can do is to come up for themselves and do something innovative with a sense of union among all but it is not very easy job as it may sound because of many reasons like they have always felt that the are inferior roadsides and they would need a lot of courage to come up for themselves and to maintain that phoenix spirit that no matter how many times I am burnt I will rise like a phoenix and this kind of behavior is rarely or 1 in a decade seen .

         As for the higher class they mostly prefer and establish friendship plus other relations among equals . So they are confined to a small group of people of equal status but that doesn't they lack mass support . Most of the upper class men lack innovative ideas and though they for sure have efficient mass traffic and socio-economic status and I don't feel any need to explain why and how .  

                               As for the middle class they are one of the most social groups on this heavenly earth and the biggest thing is almost half of this world constitutes of middle class . So its not a big deal for middle class to come up for itself in the grand opening of that new giant market with its newly crafted innovations and mass support . 

                                                   Though after these magnificently surprising proses there is a very certain but also  immensely harming con of this middle class that they have a feeling of why ? My life is running smoothly then why ? We all know that how risky these things are then why ? Why ? why ? and only why ? thus middle class might demand a luxurious zone but is not willing to step out of their comfort zone . Which is exactly why they are mostly stuck as workers ,employees ,managers leaving a great scope behind them .

                               I sincerely hope that this article which is a mere summary of the research work done by our team , URJA shall have helped you clear your doubts or was useful to you in any way and at last I would like to advice Middle class which is also called backbone of a developing nation to come out of their hesitation zone and remember that to reside in a Manson you first need to come out of your old home and drive the way .        

                      

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                                                                       At last I hope you all have a nice day , 

                                                            NAMASTEY