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The Vanishing Middle Class, new epilogue

Author: Peter Temin

Publisher: MIT Press

Published: 2018-03-09

Total Pages: 288

ISBN-13: 0262535297

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Why the United States has developed an economy divided between rich and poor and how racism helped bring this about. The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor divide in America, and outlines ways to work toward greater equality so that America will no longer have one economy for the rich and one for the poor. Many poorer Americans live in conditions resembling those of a developing country—substandard education, dilapidated housing, and few stable employment opportunities. And although almost half of black Americans are poor, most poor people are not black. Conservative white politicians still appeal to the racism of poor white voters to get support for policies that harm low-income people as a whole, casting recipients of social programs as the Other—black, Latino, not like "us." Politicians also use mass incarceration as a tool to keep black and Latino Americans from participating fully in society. Money goes to a vast entrenched prison system rather than to education. In the dual justice system, the rich pay fines and the poor go to jail.

Book Synopsis The Vanishing Middle Class, new epilogue by : Peter Temin

Download or read book The Vanishing Middle Class, new epilogue written by Peter Temin and published by MIT Press. This book was released on 2018-03-09 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the United States has developed an economy divided between rich and poor and how racism helped bring this about. The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor divide in America, and outlines ways to work toward greater equality so that America will no longer have one economy for the rich and one for the poor. Many poorer Americans live in conditions resembling those of a developing country—substandard education, dilapidated housing, and few stable employment opportunities. And although almost half of black Americans are poor, most poor people are not black. Conservative white politicians still appeal to the racism of poor white voters to get support for policies that harm low-income people as a whole, casting recipients of social programs as the Other—black, Latino, not like "us." Politicians also use mass incarceration as a tool to keep black and Latino Americans from participating fully in society. Money goes to a vast entrenched prison system rather than to education. In the dual justice system, the rich pay fines and the poor go to jail.

Ending Poverty in America

Author: John Edwards

Publisher: The New Press

Published: 2007

Total Pages: 310

ISBN-13:

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A collection of original essays designed to put the issue of poverty back on the political map in the US, offering a plan to eliminate poverty in 30 years. With contributions on job creation, schools, housing, rural and family life, this forward-thinking selection brings together liberals and conservatives to address one of the great moral and societal issues of modern life.

Book Synopsis Ending Poverty in America by : John Edwards

Download or read book Ending Poverty in America written by John Edwards and published by The New Press. This book was released on 2007 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of original essays designed to put the issue of poverty back on the political map in the US, offering a plan to eliminate poverty in 30 years. With contributions on job creation, schools, housing, rural and family life, this forward-thinking selection brings together liberals and conservatives to address one of the great moral and societal issues of modern life.

Ending Poverty in America

Author: John Edwards

Publisher: The New Press

Published: 2009-06-09

Total Pages: 409

ISBN-13: 1595587322

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An “engrossing collection of rigorously researched articles” from Elizabeth Warren, Jared Bernstein, William Julius Wilson, and more (Publishers Weekly). Can the wealthiest nation in the world do anything to combat the steadily rising numbers of Americans living in poverty—or the tens of millions of Americans living in “near poverty”? In this book, some of the country’s most prominent scholars, businesspeople, and community activists answer with a resounding yes. Published in conjunction with one of the country’s leading anti-poverty centers, Ending Poverty in America brings together respected social scientists, journalists, neighborhood organizers, and business leaders—both liberal and conservative—to tackle hot-button issues such as job creation, schools, housing, and family-friendly social policy, offering a template for a renewed public debate and a genuine effort to confront this urgent issue that undermines the long-term security of our nation. Contributors include: Jared Bernstein, Anita Brown-Graham, Carol Mendez Cassell, Richard Freeman, Angela Glover-Blackwell, Jacob Hacker, Harry Holzer, Jack F. Kemp, Ronald Mincy, Katherine S. Newman, Melvin L. Oliver, Dennis Orthner, David K. Shipler, Beth Shulman, Michael A. Stegman, Elizabeth Warren, William Julius Wilson.

Book Synopsis Ending Poverty in America by : John Edwards

Download or read book Ending Poverty in America written by John Edwards and published by The New Press. This book was released on 2009-06-09 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: An “engrossing collection of rigorously researched articles” from Elizabeth Warren, Jared Bernstein, William Julius Wilson, and more (Publishers Weekly). Can the wealthiest nation in the world do anything to combat the steadily rising numbers of Americans living in poverty—or the tens of millions of Americans living in “near poverty”? In this book, some of the country’s most prominent scholars, businesspeople, and community activists answer with a resounding yes. Published in conjunction with one of the country’s leading anti-poverty centers, Ending Poverty in America brings together respected social scientists, journalists, neighborhood organizers, and business leaders—both liberal and conservative—to tackle hot-button issues such as job creation, schools, housing, and family-friendly social policy, offering a template for a renewed public debate and a genuine effort to confront this urgent issue that undermines the long-term security of our nation. Contributors include: Jared Bernstein, Anita Brown-Graham, Carol Mendez Cassell, Richard Freeman, Angela Glover-Blackwell, Jacob Hacker, Harry Holzer, Jack F. Kemp, Ronald Mincy, Katherine S. Newman, Melvin L. Oliver, Dennis Orthner, David K. Shipler, Beth Shulman, Michael A. Stegman, Elizabeth Warren, William Julius Wilson.

Promised Land

Author: David Stebenne

Publisher: Simon and Schuster

Published: 2021-07-20

Total Pages: 336

ISBN-13: 1982102713

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"Explains how the American middle class ballooned at mid-century until it dominated the nation, showing who benefited and what brought the expansion to an end"--

Book Synopsis Promised Land by : David Stebenne

Download or read book Promised Land written by David Stebenne and published by Simon and Schuster. This book was released on 2021-07-20 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Explains how the American middle class ballooned at mid-century until it dominated the nation, showing who benefited and what brought the expansion to an end"--

AMERICA'S SHRINKING MIDDLE CLASS

Author: VAHAB AGHAI, Ph.D.

Publisher: Author House

Published: 2014-08-29

Total Pages: 341

ISBN-13: 1491870761

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What does a middle class nation do without a middle class? An abundance of evidence suggests that we here in the United States are about to find out. America's Shrinking Middle Class documents trends that have been building not just since the Great Recession, but for over four decades. In 1970, the share of U.S. income that went to the middle class was 62 percent. By 2010 that figure had fallen to 45 percent. In that same year, the median income for middle class Americans had gone from $72,956 to $69,487 a decline of nearly 5 percent in just one year. A shrinking middle class would mean a shrinking economy and an America dominated by a growing lower class. Life would be less comfortable, less prosperous, and less secure. With less money coming in to government and businesses alike, tax burdens would become onerous. One example: Obamacare. It could cost the average taxpayer nearly $6,000 in extra taxes and create a total of 20 new taxes or tax hikes. For a weakened and shrinking middle class, it could be a fatal blow.

Book Synopsis AMERICA'S SHRINKING MIDDLE CLASS by : VAHAB AGHAI, Ph.D.

Download or read book AMERICA'S SHRINKING MIDDLE CLASS written by VAHAB AGHAI, Ph.D. and published by Author House. This book was released on 2014-08-29 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: What does a middle class nation do without a middle class? An abundance of evidence suggests that we here in the United States are about to find out. America's Shrinking Middle Class documents trends that have been building not just since the Great Recession, but for over four decades. In 1970, the share of U.S. income that went to the middle class was 62 percent. By 2010 that figure had fallen to 45 percent. In that same year, the median income for middle class Americans had gone from $72,956 to $69,487 a decline of nearly 5 percent in just one year. A shrinking middle class would mean a shrinking economy and an America dominated by a growing lower class. Life would be less comfortable, less prosperous, and less secure. With less money coming in to government and businesses alike, tax burdens would become onerous. One example: Obamacare. It could cost the average taxpayer nearly $6,000 in extra taxes and create a total of 20 new taxes or tax hikes. For a weakened and shrinking middle class, it could be a fatal blow.

Poverty in America

Author: Joan Axelrod-Contrada

Publisher: Marshall Cavendish

Published: 2010

Total Pages: 132

ISBN-13: 9780761445456

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Explores the issue of poverty and the poor in the United States.

Book Synopsis Poverty in America by : Joan Axelrod-Contrada

Download or read book Poverty in America written by Joan Axelrod-Contrada and published by Marshall Cavendish. This book was released on 2010 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the issue of poverty and the poor in the United States.

Foundations of Real-World Economics

Author: John Komlos

Publisher: Routledge

Published: 2019-01-11

Total Pages: 452

ISBN-13: 1351584707

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The 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks continue to praise conventional policies such as deregulation and hyperglobalization. This textbook demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in the mainstream models. Bringing together the work of key scholars, such as Kahneman, Minsky, and Schumpeter, this book demonstrates how we should take into account the inefficiencies that arise due to asymmetric information, mental biases, unequal distribution of wealth and power, and the manipulation of demand. This textbook offers students a valuable introductory text with insights into the workings of real markets not just imaginary ones formulated by blackboard economists. A must-have for students studying the principles of economics as well as micro- and macroeconomics, this textbook redresses the existing imbalance in economic teaching. Instead of clinging to an ideology that only enriched the 1%, Komlos sketches the outline of a capitalism with a human face, an economy in which people live contented lives with dignity instead of focusing on GNP.

Book Synopsis Foundations of Real-World Economics by : John Komlos

Download or read book Foundations of Real-World Economics written by John Komlos and published by Routledge. This book was released on 2019-01-11 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks continue to praise conventional policies such as deregulation and hyperglobalization. This textbook demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in the mainstream models. Bringing together the work of key scholars, such as Kahneman, Minsky, and Schumpeter, this book demonstrates how we should take into account the inefficiencies that arise due to asymmetric information, mental biases, unequal distribution of wealth and power, and the manipulation of demand. This textbook offers students a valuable introductory text with insights into the workings of real markets not just imaginary ones formulated by blackboard economists. A must-have for students studying the principles of economics as well as micro- and macroeconomics, this textbook redresses the existing imbalance in economic teaching. Instead of clinging to an ideology that only enriched the 1%, Komlos sketches the outline of a capitalism with a human face, an economy in which people live contented lives with dignity instead of focusing on GNP.

The Sense of an Ending

Author: Julian Barnes

Publisher: Vintage

Published: 2011-10-05

Total Pages: 158

ISBN-13: 0307957330

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BOOKER PRIZE WINNER • NATIONAL BESTSELLER • A novel that follows a middle-aged man as he contends with a past he never much thought about—until his closest childhood friends return with a vengeance: one of them from the grave, another maddeningly present. A novel so compelling that it begs to be read in a single setting, The Sense of an Ending has the psychological and emotional depth and sophistication of Henry James at his best, and is a stunning achievement in Julian Barnes's oeuvre. Tony Webster thought he left his past behind as he built a life for himself, and his career has provided him with a secure retirement and an amicable relationship with his ex-wife and daughter, who now has a family of her own. But when he is presented with a mysterious legacy, he is forced to revise his estimation of his own nature and place in the world.

Book Synopsis The Sense of an Ending by : Julian Barnes

Download or read book The Sense of an Ending written by Julian Barnes and published by Vintage. This book was released on 2011-10-05 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: BOOKER PRIZE WINNER • NATIONAL BESTSELLER • A novel that follows a middle-aged man as he contends with a past he never much thought about—until his closest childhood friends return with a vengeance: one of them from the grave, another maddeningly present. A novel so compelling that it begs to be read in a single setting, The Sense of an Ending has the psychological and emotional depth and sophistication of Henry James at his best, and is a stunning achievement in Julian Barnes's oeuvre. Tony Webster thought he left his past behind as he built a life for himself, and his career has provided him with a secure retirement and an amicable relationship with his ex-wife and daughter, who now has a family of her own. But when he is presented with a mysterious legacy, he is forced to revise his estimation of his own nature and place in the world.

Small, Gritty, and Green

Author: Catherine Tumber

Publisher: MIT Press

Published: 2013-09-13

Total Pages: 253

ISBN-13: 0262525313

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How small-to-midsize Rust Belt cities can play a crucial role in a low-carbon, sustainable, and relocalized future. America's once-vibrant small-to-midsize cities—Syracuse, Worcester, Akron, Flint, Rockford, and others—increasingly resemble urban wastelands. Gutted by deindustrialization, outsourcing, and middle-class flight, disproportionately devastated by metro freeway systems that laid waste to the urban fabric and displaced the working poor, small industrial cities seem to be part of America's past, not its future. And yet, Catherine Tumber argues in this provocative book, America's gritty Rust Belt cities could play a central role in a greener, low-carbon, relocalized future. As we wean ourselves from fossil fuels and realize the environmental costs of suburban sprawl, we will see that small cities offer many assets for sustainable living not shared by their big city or small town counterparts, including population density and nearby, fertile farmland available for new environmentally friendly uses. Tumber traveled to twenty-five cities in the Northeast and Midwest—from Buffalo to Peoria to Detroit to Rochester—interviewing planners, city officials, and activists, and weaving their stories into this exploration of small-scale urbanism. Smaller cities can be a critical part of a sustainable future and a productive green economy. Small, Gritty, and Green will help us develop the moral and political imagination we need to realize this.

Book Synopsis Small, Gritty, and Green by : Catherine Tumber

Download or read book Small, Gritty, and Green written by Catherine Tumber and published by MIT Press. This book was released on 2013-09-13 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: How small-to-midsize Rust Belt cities can play a crucial role in a low-carbon, sustainable, and relocalized future. America's once-vibrant small-to-midsize cities—Syracuse, Worcester, Akron, Flint, Rockford, and others—increasingly resemble urban wastelands. Gutted by deindustrialization, outsourcing, and middle-class flight, disproportionately devastated by metro freeway systems that laid waste to the urban fabric and displaced the working poor, small industrial cities seem to be part of America's past, not its future. And yet, Catherine Tumber argues in this provocative book, America's gritty Rust Belt cities could play a central role in a greener, low-carbon, relocalized future. As we wean ourselves from fossil fuels and realize the environmental costs of suburban sprawl, we will see that small cities offer many assets for sustainable living not shared by their big city or small town counterparts, including population density and nearby, fertile farmland available for new environmentally friendly uses. Tumber traveled to twenty-five cities in the Northeast and Midwest—from Buffalo to Peoria to Detroit to Rochester—interviewing planners, city officials, and activists, and weaving their stories into this exploration of small-scale urbanism. Smaller cities can be a critical part of a sustainable future and a productive green economy. Small, Gritty, and Green will help us develop the moral and political imagination we need to realize this.