The Vanishing American Dream
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| Author | : Gene Ludwig |
| Publisher | : Disruption Books |
| Total Pages | : 275 |
| Release | : 2022-03-29 |
| Genre | : Business & Economics |
| ISBN | : 9781633310636 |
As America struggles to point its way out of the COVID-19 pandemic, we can't lose sight of the economic problems that existed before the crisis. Even when the unemployment rate was near record lows and the stock market near record highs, the gap between low- and moderate-income Americans and their wealthier counterparts had become unconscionably wide. A future economic recovery presents an opportunity to address this deeper, troubling challenge and to rectify the economic injustice that threatens so many Americans.In 2019, founder and CEO of Promontory Financial Group Gene Ludwig gathered a bipartisan group of the nation's foremost economic thinkers -- academics and politicians, CEOs and former presidential advisors -- to break with convention and candidly discuss that widening gap. The Vanishing American Dream: A Frank Look at the Economic Realities Facing Middle- and Lower-Income Americans comes from their insights.The opportunity to rebuild our economy should inspire the most important conversations and ideas of our time. The dialogue captured in this book provides broad and experienced perspectives on inequality and policy shortcomings, along with examples of ideas that have successfully narrowed the wealth gap, from government investment to the role of the private sector. As we remap our economy, we have an opportunity to rebuild the American Dream for the long-term.Combining expertise with optimism, The Vanishing American Dream invites readers to take a seat at the table for a bracing look at the road back to widespread opportunity, security, and prosperity.With Contributions By: Sarah Bloom Raskin, Glenn Hubbard, Deval Patrick, Robert Shiller, Larry Summers, Luke Bronin, Daryl Byrd, Oren Cass, Jacob Hacker Heather Gerken, Susan Krause Bell, Andrea Levere, Zachary Liscow, Jonathan Macey, Daniel Markovits, Mary Miller, Michael Moskow, David Newville, Steven Pearlstein, Isabel Sawhill, Jay Shambaugh, Anika Singh Lemar, and Andrew Tisch.
| Author | : Virginia Deane Abernethy |
| Publisher | : Routledge |
| Total Pages | : 306 |
| Release | : 2017-09-08 |
| Genre | : Social Science |
| ISBN | : 1351295500 |
The United States has gone off track, allowing domestic and foreign aid policies to be co-opted by a government—abetted by mass media—that serves special interests rather than the greater national good. Americans' tendencies to trust, play fair, and help have been abused and require replacement by a realistic outlook. The Vanishing American Dream posits solutions to get America back on the right track. Abernethy sees population growth driven by mass immigration as a major cause of economic and cultural changes that have been detrimental to most Americans. The environment has been degraded by over-crowding and increasing demands on natural resources. Work is cheapened by explosive growth in the labour force creating a buyer's market. One salary or wage no longer supports a family and educates children. Women working outside the home is a necessity, not a choice, for most American families. Furthermore, feminism, aimed originally at balanced gender roles, has been turned viciously against males of all ages and ultimately against females through degrading their traditional and valuable contributions. Abernethy proposes that Americans need time to regroup, untroubled by a continuing influx of foreign peoples. The family, small business, and responsive local government are centres around which a solvent and confident citizenry can prosper again.
| Author | : Gene Ludwig |
| Publisher | : |
| Total Pages | : 275 |
| Release | : 2020-05-12 |
| Genre | : Business & Economics |
| ISBN | : 9781633310445 |
The American Dream is perhaps our nation's single common belief. It represents the opportunity to improve our economic standing generation upon generation, whether from poverty to comfort or beyond. From Horatio Alger to Oprah Winfrey, the Dream gives us collective hope. The prevailing economic analysis for 2019 portrays a humming economy, one that should be able to support a path to prosperity for anyone willing to do their part. But in reality, traditional economic measures like the unemployment rate and GDP are masking a crisis for millions of lower- and middle-income families. For them, economic injustice has never been greater. They struggle to afford health care, housing, and education as they work jobs that cannot provide the chances they need to reverse this downward slide. It's easy enough to offer prosaic explanations for the decline of opportunity: Factories closed. Globalization pushed corporations to send the jobs overseas. Racism abounds. But for those who really want to understand what's going on, those more answers only prompt more thoughtful questions. To begin to answer those questions, Gene Ludwig invited some of the most sophisticated minds from across the political spectrum to gather in a closed setting at Yale Law School in the spring of 2019. They included policy makers, journalists, academics, and business leaders--without media or scripts. No matter their affiliation, the participants all agreed: What had once been the American dream has become an elusive myth. But how can the economy report positive growth while so many suffer? And how do we reverse their trajectory? The Vanishing American Dream documents this rare, candid conversation and offers a forum on solutions to revive the Dream for all Americans. With Contributions By: Sarah Bloom Raskin, Glenn Hubbard, Deval Patrick, Robert Shiller, Larry Summers, Luke Bronin, Daryl Byrd, Oren Cass, Jacob Hacker Heather Gerken, Susan Krause Bell, Andrea Levere, Zachary Liscow, Jonathan Macey, Daniel Markovits, Mary Miller, Michael Moskow, David Newville, Steven Pearlstein, Isabel Sawhill, Jay Shambaugh, Anika Singh Lemar, and Andrew Tisch.
| 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 | : Alan M. Dershowitz |
| Publisher | : Simon and Schuster |
| Total Pages | : 420 |
| Release | : 1998-09-08 |
| Genre | : Body, Mind & Spirit |
| ISBN | : 0684848988 |
Explores the meaning of Jewishness in light of the increasing assimilation of America's Jews and suggests ways to preserve Jewish identity.
| Author | : Alice M. Rivlin |
| Publisher | : Brookings Institution Press |
| Total Pages | : 220 |
| Release | : 1992-05-01 |
| Genre | : Political Science |
| ISBN | : 9780815791683 |
The American dream is fading: for nearly two decades, the economy has been performing below par, the quality of life has deteriorated, and the government has not confronted the public problems that concern citizens most. In this provocative book, Alice Rivlin offers a straightforward, nontechnical look at the issues threatening the American dream and proposes a solution: restructure responsibilities between the federal and state government. Under her plan, the federal government would eliminate most of its programs in education, housing, highways, social services, economic development, and job training, enabling it to move the federal budget from deficit toward surplus. States would pick up these responsibilities, carrying out a "productivity agenda" to revitalize the American economy. Common shared taxes would give the state adequate revenues to carry out their tasks and would reduce intrastate competition and disparities. The federal government would be freer to deal with increasingly complex international issues and would retain responsibility for programs requiring national uniformity. A primary federal job would be the reform of health care financing to ensure control of costs and to mandate basic insurance coverage for everyone. Published in the summer of 1992, Reviving the American Dream was read by presidential candidate Bill Clinton; by year's end, President Clinton appointed its author, Alice Rivlin, as deputy budget director. Today, the ideal in Rivlin's book—and Rivlin herself—are having an impact inside the administration. Selected as one of Choice magazine's Outstanding Books of 1993
| Author | : Robert J. Ringer |
| Publisher | : Fawcett |
| Total Pages | : 388 |
| Release | : 1980 |
| Genre | : Business & Economics |
| ISBN | : 9780449243145 |
| Author | : Arianna Huffington |
| Publisher | : HarperCollins UK |
| Total Pages | : 289 |
| Release | : 2011-04-07 |
| Genre | : Business & Economics |
| ISBN | : 0007437331 |
Features updated material and a special foreword from Arianna for the UK audience It’s not an exaggeration to say that the hard-working, average citizen on an average income is an endangered species and that the American Dream of a secure, comfortable standard of living has become outdated. The USA is in danger of becoming a Third World nation.
| 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 | : Ben Sasse |
| Publisher | : St. Martin's Griffin |
| Total Pages | : 313 |
| Release | : 2017-05-16 |
| Genre | : Political Science |
| ISBN | : 1250114411 |
THE INSTANT NEW YORK TIMES BESTSELLER In an era of safe spaces, trigger warnings, and an unprecedented election, the country's youth are in crisis. Senator Ben Sasse warns the nation about the existential threat to America's future. Raised by well-meaning but overprotective parents and coddled by well-meaning but misbegotten government programs, America's youth are ill-equipped to survive in our highly-competitive global economy. Many of the coming-of-age rituals that have defined the American experience since the Founding: learning the value of working with your hands, leaving home to start a family, becoming economically self-reliant—are being delayed or skipped altogether. The statistics are daunting: 30% of college students drop out after the first year, and only 4 in 10 graduate. One in three 18-to-34 year-olds live with their parents. From these disparate phenomena: Nebraska Senator Ben Sasse who as president of a Midwestern college observed the trials of this generation up close, sees an existential threat to the American way of life. In The Vanishing American Adult, Sasse diagnoses the causes of a generation that can't grow up and offers a path for raising children to become active and engaged citizens. He identifies core formative experiences that all young people should pursue: hard work to appreciate the benefits of labor, travel to understand deprivation and want, the power of reading, the importance of nurturing your body—and explains how parents can encourage them. Our democracy depends on responsible, contributing adults to function properly—without them America falls prey to populist demagogues. A call to arms, The Vanishing American Adult will ignite a much-needed debate about the link between the way we're raising our children and the future of our country.
