ARBOR WEALTH: Canada's middle class, cell phones, and pillow sales

Published: Wednesday, May 14, 2014 at 06:47 PM.

Many things have contributed to China ’s rise as an economic power, but one of the biggest factors was the emergence of a middle class that could purchase products made there. China finally has the consumer component of GDP in place  Henry Ford figured this out in 1914 when he raised employee salaries to $5 a day, primarily so that he could create a home-grown market for folks capable of buying the very cars they were building.

Next Week:  Real Wages and Inflation

Margaret R. McDowell, ChFC, AIF, a syndicated economic columnist, chartered financial consultant and accredited investment fiduciary, is the founder of Arbor Wealth Management, LLC, (850-608-6121 —, a “fee-only” and fiduciary registered investment advisory firm located near Sandestin. This column should not be considered personalized investment advice and provides no assurance that any specific strategy or investment will be suitable or profitable for an investor.


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