noun
hourglass economy
Describes an economy with a large upper class, a large lower class, and a shrinking middle class, resembling an hourglass shape. Used in economic commentary.
砂時計経済では、中間層の減少が社会の不安定要因となる。
In an hourglass economy, the shrinking middle class becomes a factor of social instability.
この国の所得分布は砂時計経済の特徴を示している。
The income distribution of this country shows the characteristics of an hourglass economy.
格差社会 is a broader term for a society with large disparities, while 砂時計経済 specifically refers to the hourglass-shaped income distribution with a hollowed-out middle class.
Compound of 砂時計 (hourglass) and 経済 (economy), calque of English 'hourglass economy'.