▁the ▁middle ▁classes ▁of ▁the ▁emer ging ▁econom ies ▁( e . g ., ▁China , ▁India , ▁Indones ia , ▁Brazil ▁and ▁Egypt ) ▁were ▁the ▁main ▁w inners ▁of ▁global ization ▁during ▁that ▁time . ▁The ▁real ▁( infl ation ▁adjust ed ) ▁income ▁of ▁the ▁global ▁top ▁ 1 % ▁increased ▁approximately ▁ 6 0 %, ▁while ▁the ▁middle ▁classes ▁of ▁the ▁emer ging ▁econom ies ▁( th ose ▁around ▁the ▁ 5 0 th ▁percent ile ▁of ▁the ▁global ▁income ▁distribution ▁in ▁ 1 9 8 8 ) ▁rose ▁ 7 0 – 8 0 %. ▁For ▁example , ▁in ▁ 2 0 0 0 , ▁ 5 ▁million ▁Chinese ▁households ▁earned ▁between ▁$ 1 1 , 5 0 0 ▁and ▁$ 4 3 , 0 0 0 ▁in ▁ 2 0 1 6 ▁dollars . ▁By ▁ 2 0 1 5 , ▁ 2 2 5 ▁million ▁did . ▁On ▁the ▁other ▁hand , ▁those ▁in ▁the ▁middle ▁class ▁of ▁the ▁developed ▁world ▁( th ose ▁in ▁the ▁ 7 5 th ▁to ▁ 9 0 th ▁percent ile ▁in ▁ 1 9 8 8 , ▁such ▁as ▁the ▁American ▁middle ▁class ) ▁experienced ▁little ▁real ▁income ▁g ains . ▁The ▁rich est ▁ 1 % ▁contains ▁ 6 0 ▁million ▁persons ▁glob ally , ▁including ▁ 3 0 ▁million ▁Americans ▁( i . e ., ▁the ▁top ▁ 1 2 % ▁of ▁Americans ▁by ▁income ▁were ▁in ▁the ▁global ▁top ▁ 1 % ▁in ▁ 2 0