The state of working America / Lawrence Mishel ... [et al.].

Format:

Book

Author/Creator:

Mishel, Lawrence R.

Bivens, Josh, author.

Gould, Elise, author.

Series:

Economic Policy Institute Series

Economic Policy Institute

Language:

English

Subjects (All):

Working class--United States--Economic conditions--Statistics.

Working class.

Cost and standard of living--United States--Statistics.

Cost and standard of living.

United States--Economic conditions--Statistics.

United States.

Physical Description:

1 online resource (520 p.)

Edition:

12th ed.

Place of Publication:

Ithaca : ILR Press, 2012.

Language Note:

English

Summary:

Since 1988, The State of Working America has provided a comprehensive answer to a question newly in vogue in this age of Occupy Wall Street: To what extent has overall economic growth translated into rising living standards for the vast majority of American workers and their families? In the 12th edition, Lawrence Mishel, Josh Bivens, Elise Gould, and Heidi Shierholz analyze a trove of data on income, jobs, mobility, poverty, wages, and wealth to demonstrate that rising economic inequality over the past three decades has decoupled overall economic growth from growth in the living standards of the vast majority.The new edition of The State of Working America also expands on this analysis of American living standards, most notably by placing the Great Recession in historical context. The severe economic downturn that began in December 2007 came on the heels of a historically weak recovery following the 2001 recession, a recovery that saw many measures of living standards stagnate. The authors view the past decade as "lost" in terms of living standards growth, and warn that millions of American households face another decade of lost opportunity.Especially troubling, the authors stress, is that while overall economic performance in the decades before the Great Recession was more than sufficient to broadly raise living standards, broad-based growth was blocked by rising inequality driven largely by policy choices. A determinedly data-driven narrative, The State of Working America remains the most comprehensive resource about the economic experience of working Americans.

Contents:

Frontmatter

Table of contents

Documentation and methodology

Chapter 1. Overview: Policy-driven inequality blocks living-standards growth for low- and middle-income Americans.

Chapter 2. Income: Already a 'lost decade'

Chapter 3. Mobility: Not offsetting growing inequality

Chapter 4. Wages: The top, and very top, outpace the rest

Chapter 5. Jobs: A function of demand

Chapter 6. Wealth: Unrelenting disparities

Chapter 7. Poverty: The Great Recession adds injury to insult

Appendix A: CPS income measurement

Appendix B : Wage measurement

Bibliography

Index

About EPI

About the authors

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references and index.

ISBN:

9780801466229

0801466229

9781322504384

1322504385

9780801466236

0801466237

OCLC:

828743685