The Shrinking Middle Class
Download The Shrinking Middle Class full books in PDF, epub, and Kindle. Read online free The Shrinking Middle Class ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
| Author | : Emanuel Collado |
| Publisher | : iUniverse |
| Total Pages | : 125 |
| Release | : 2010-03-22 |
| Genre | : Business & Economics |
| ISBN | : 1450219675 |
The middle class of our society has an important roleacting as the glue that holds the upper and lower classes together. But what will happen if the middle class crumbles? The Shrinking Middle Class is a comprehensive study of the economic meltdown and its long-term effects on the middle class. Emanuel Collado is a self-made businessman who focuses the results of his extensive research into a trend first detected in the 1980s. He provides fascinating case studies of middle class families, alarming statistics, and causes of the current economic crisis that both the United States and the world face. As Collado compares past decisions with current issues, he offers explanations for why America has such a disparity in our society and where the social fabric is being skewed to expand at both ends and grow thinner in the middle. Not so long ago, being middle class meant a reliable job with good pay, a home, access to health care, good education for youth, and a dignified retired life. Collado provides an in-depth look into why the United States is becoming a two-class society and what we can do now to prevent it from happening.
| Author | : Peter Temin |
| Publisher | : MIT Press |
| Total Pages | : 288 |
| Release | : 2018-03-09 |
| Genre | : Business & Economics |
| ISBN | : 0262535297 |
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.
| Author | : Vahab Aghai Ph.D. |
| Publisher | : AuthorHouse |
| Total Pages | : 335 |
| Release | : 2014-08-29 |
| Genre | : Political Science |
| ISBN | : 1491870745 |
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. Americas 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.
| Author | : Ph. D. Vahab Aghai |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2014-08-29 |
| Genre | : Political Science |
| ISBN | : 9781491870754 |
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.
| Author | : Vahab Aghai |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2022-12-31 |
| Genre | : |
| ISBN | : 9781958082423 |
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.Americas 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.
| Author | : Joseph Dillon Davey |
| Publisher | : Springer |
| Total Pages | : 150 |
| Release | : 2012-09-14 |
| Genre | : Business & Economics |
| ISBN | : 1137295074 |
The United States lost one third of its factory jobs in the past decade as jobs were outsourced offshore, mostly to Asia. Jobs that require a college degree are next to go. China will award six times as many degrees this year as they did ten years ago and any job that can be digitized will be 'tradable'. Estimates of the number of vulnerable jobs range from a low 11 million to a staggering 56 million 'middle class' jobs. The median United States household income has already dropped by seven percent since 2000 and without dramatic changes in the American workforce that trend will become a disaster for middle class Americans.
| Author | : OECD |
| Publisher | : OECD Publishing |
| Total Pages | : 173 |
| Release | : 2019-05-01 |
| Genre | : |
| ISBN | : 926415034X |
Middle-class households feel left behind and have questioned the benefits of economic globalisation.
| Author | : Richard V. Reeves |
| Publisher | : Brookings Institution Press |
| Total Pages | : 206 |
| Release | : 2018-05-08 |
| Genre | : Political Science |
| ISBN | : 0815735499 |
Dream Hoarders sparked a national conversation on the dangerous separation between the upper middle class and everyone else. Now in paperback and newly updated for the age of Trump, Brookings Institution senior fellow Richard Reeves is continuing to challenge the class system in America. In America, everyone knows that the top 1 percent are the villains. The rest of us, the 99 percent—we are the good guys. Not so, argues Reeves. The real class divide is not between the upper class and the upper middle class: it is between the upper middle class and everyone else. The separation of the upper middle class from everyone else is both economic and social, and the practice of “opportunity hoarding”—gaining exclusive access to scarce resources—is especially prevalent among parents who want to perpetuate privilege to the benefit of their children. While many families believe this is just good parenting, it is actually hurting others by reducing their chances of securing these opportunities. There is a glass floor created for each affluent child helped by his or her wealthy, stable family. That glass floor is a glass ceiling for another child. Throughout Dream Hoarders, Reeves explores the creation and perpetuation of opportunity hoarding, and what should be done to stop it, including controversial solutions such as ending legacy admissions to school. He offers specific steps toward reducing inequality and asks the upper middle class to pay for it. Convinced of their merit, members of the upper middle class believes they are entitled to those tax breaks and hoarded opportunities. After all, they aren't the 1 percent. The national obsession with the super rich allows the upper middle class to convince themselves that they are just like the rest of America. In Dream Hoarders, Reeves argues that in many ways, they are worse, and that changes in policy and social conscience are the only way to fix the broken system.
| Author | : Ganesh Sitaraman |
| Publisher | : Vintage |
| Total Pages | : 433 |
| Release | : 2017-03-14 |
| Genre | : Law |
| ISBN | : 0451493923 |
In this original, provocative contribution to the debate over economic inequality, Ganesh Sitaraman argues that a strong and sizable middle class is a prerequisite for America’s constitutional system. A New York Times Notable Book of 2017 For most of Western history, Sitaraman argues, constitutional thinkers assumed economic inequality was inevitable and inescapable—and they designed governments to prevent class divisions from spilling over into class warfare. The American Constitution is different. Compared to Europe and the ancient world, America was a society of almost unprecedented economic equality, and the founding generation saw this equality as essential for the preservation of America’s republic. Over the next two centuries, generations of Americans fought to sustain the economic preconditions for our constitutional system. But today, with economic and political inequality on the rise, Sitaraman says Americans face a choice: Will we accept rising economic inequality and risk oligarchy or will we rebuild the middle class and reclaim our republic? The Crisis of the Middle-Class Constitution is a tour de force of history, philosophy, law, and politics. It makes a compelling case that inequality is more than just a moral or economic problem; it threatens the very core of our constitutional system.
| Author | : Hadas Weiss |
| Publisher | : Verso Books |
| Total Pages | : 177 |
| Release | : 2019-10-29 |
| Genre | : Social Science |
| ISBN | : 1788733940 |
Taking apart the ideology of the "middle class" Tidings of a shrinking middle class in one part of the world and its expansion in another absorb our attention, but seldom do we question the category itself. We Have Never Been Middle Class proposes that the middle class is an ideology. Tracing this ideology up to the age of financialization, it exposes the fallacy in the belief that we can all ascend or descend as a result of our aspirational and precautionary investments in property and education. Ethnographic accounts from Germany, Israel, the USA and elsewhere illustrate how this belief orients us, in our private lives as much as in our politics, toward accumulation-enhancing yet self-undermining goals. This original meshing of anthropology and critical theory elucidates capitalism by way of its archetypal actors.
