The way forward for the middle class is increasing incomes and cutting living costs

Idris Jala writes: Let me begin by saying there two perspectives to see how the middle class are benefiting from the ETP. First, the income perspective. Second, the expenditure or cost of living perspective.

I HAD a conversation with a friend who said: “Idris, you are missing the point with what you are saying about how transformation will benefit the middle class when the middle class concerns are rising cost of living, quality public education and high cost of properties.”

That robust and somewhat heated conversation inspired this article and I hope to explain how the middle class actually benefits from the Economic Transformation Programme (ETP).