Middle-out economics

Economic theory

Middle-out economics is a branch of demand-side macroeconomic theory. It identifies the buying power of the middle class as the necessary ingredient for job creation and economic growth. With consumption typically responsible for two-thirds of the gross domestic product in the Americas consumer spending is key. Middle-out economics maintains it is only the middle class that can create the aggregate demand necessary for business to support full employment levels. Given the wealthy's high propensity to save, middle-out economics holds that large concentrations of wealth are not sufficient cause for job creation. Middle-out economics maintains companies don't hire when they have an abundance of profits; they hire when they have an abundance of customers.

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