The shrinking American middle class : the social and cultural implications of growing inequality / Joseph Dillon Davey.

Format:

• Book

Author/Creator:

• Davey, Joseph Dillon.

Language:

English

Subjects (All):

• Income distribution--United States.
• Income distribution.
• United States.
• Equality--United States.
• Equality.
• Middle class--United States.
• Middle class.
• United States--Economic conditions--2009-.
• Economic conditions.
• United States--Social conditions--21st century.
• Social conditions.

Physical Description:

200 pages ; 23 cm

Edition:

First edition.

Place of Publication:

New York : Palgrave Macmillan, 2012.

Summary:

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 college 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 American household income has already dropped by seven percent since 2000 and without dramatic changes in the United States workforce that trend will become a disaster for middle class Americans. Book jacket.

Contents:

• Income distribution and social justice
• The dangers of growing inequality
• How did this happen?
• Problems with outsourcing offshore
• The Chinese juggernaut: how did they get where they are?
• Problems facing China
• India: English speakers and a demographic dividend
• The suggested solutions? The myth of educational reform
• Inequality in a globalized economy
• Slowing down the shrinkage
• Political reform and progressive taxation can reduce inequality.

Notes:

Includes bibliographical references and index.

ISBN:

• 9781137032294
• 1137032294

OCLC:

785864411