India and China will have the largest Middle Income segments in the world.
Quote:
Each year on July 1, the analytical classification of the world's economies based on estimates of gross national income (GNI) per capita for the previous year is revised. As of 1 July 2016, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,025 or less in 2015; lower middle-income economies are those with a GNI per capita between $1,026 and $4,035; upper middle-income economies are those with a GNI per capita between $4,036 and $12,475; high-income economies are those with a GNI per capita of $12,476 or more. The updated GNI per capita estimates are also used as input to the World Bank's operational guidelines that determines lending eligibility.
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These are ANNUAL earnings.
People living in First World economies make 3 to 6 times as much.
India and China will have 700 million middle income consumers in 10 or 20 years. However, they will consume 90% goods and services that are produced in in their own economic zones and produced with their own price competitive labor.
Locally produced porn too I imagine
