Download or read book Restoring the Middle Class through Wage Policy written by Oren M. Levin-Waldman and published by Springer. This book was released on 2018-03-09 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book delivers a fresh and fascinating perspective on the issue of the minimum wage. While most discussions of the minimum wage place it at the center of a debate between those who oppose such a policy and argue it leads to greater unemployment, and those who favor it and argue it improves the economic well-being of low-income workers, Levin-Waldman makes the case for the minimum wage as a way to improve the well-being of middle-income workers, strengthen the US economy, reduce income inequality, and enhance democracy. Making a timely and original contribution to the defining issues of our time—the state of the middle class, the problem of inequality, and the crisis of democratic governance—Restoring the Middle Class through Wage Policy will be of interest to students and researchers considering the impact of such approaches across the fields of public policy, economics, and political science.
Download or read book Rebuilding Economic Security written by United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions and published by . This book was released on 2010 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Upside of Inequality written by Edward Conard and published by Penguin. This book was released on 2016-09-13 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: The scourge of America’s economy isn't the success of the 1 percent—quite the opposite. The real problem is the government’s well-meaning but misguided attempt to reduce the payoffs for success. Four years ago, Edward Conard wrote a controversial bestseller, Unintended Consequences, which set the record straight on the financial crisis of 2008 and explained why U.S. growth was accelerating relative to other high-wage economies. He warned that loose monetary policy would produce neither growth nor inflation, that expansionary fiscal policy would have no lasting benefit on growth in the aftermath of the crisis, and that ill-advised attempts to rein in banking based on misplaced blame would slow an already weak recovery. Unfortunately, he was right. Now he’s back with another provocative argument: that our current obsession with income inequality is misguided and will only slow growth further. Using fact-based logic, Conard tracks the implications of an economy now constrained by both its capacity for risk-taking and by a shortage of properly trained talent—rather than by labor or capital, as was the case historically. He uses this fresh perspective to challenge the conclusions of liberal economists like Larry Summers and Joseph Stiglitz and the myths of “crony capitalism” more broadly. Instead, he argues that the growing wealth of most successful Americans is not to blame for the stagnating incomes of the middle and working classes. If anything, the success of the 1 percent has put upward pressure on employment and wages. Conard argues that high payoffs for success motivate talent to get the training and take the risks that gradually loosen the constraints to growth. Well-meaning attempts to decrease inequality through redistribution dull these incentives, gradually hurting not just the 1 percent but everyone else as well. Conard outlines a plan for growing middle- and working-class wages in an economy with a near infinite supply of labor that is shifting from capital-intensive manufacturing to knowledge-intensive, innovation-driven fields. He urges us to stop blaming the success of the 1 percent for slow wage growth and embrace the upside of inequality: faster growth and greater prosperity for everyone.
Download or read book America S Shrinking Middle Class written by Vahab Aghai Ph.D. and published by AuthorHouse. This book was released on 2014-08-29 with total page 335 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. 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.
Download or read book The Coming Class War and How to Avoid it written by Paul E Peterson and published by Routledge. This book was released on 2016-09-16 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: A clear, accessible analysis of the worsening distribution of income and wealth in America.
Download or read book The Middle Class Consensus and Economic Development written by William Easterly and published by World Bank Publications. This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: A higher share of income for the middle class and lower ethnic polarization are empirically associated with higher income, higher growth, more education, better health, better infrastructure, better economic policies, less political instability, less civil war (putting ethnic minorities at risk), more social "modernization," and more democracy.
Download or read book Making More in America written by and published by Stacey Lawson. This book was released on with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Wage Policy Income Distribution and Democratic Theory written by Oren M Levin-Waldman and published by Routledge. This book was released on 2010-11-23 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wage policy can be broadly defined as a set of institutions designed to bolster the wages of workers, especially for those workers who lack negotiating power. This book concentrates on the relationship between wage policy and the distribution of income and the maintenance of a sustainable democracy. Whereas economists have looked at this issue in relation to labour markets, this book aims to reset the balance by focusing on issues such as equality and democratic theory. This book makes an important contribution to the literature of public policy, political philosophy and political economy. Levin-Waldman argues that wage policy is an important component in the maintenance of democratic society and that a reduction in income inequality can have a positive effect both on personal autonomy and empowerment.
Download or read book Income Wages and the Middle Class written by California. Legislature. Assembly. Select Committee on the California Middle Class and published by . This book was released on 1997 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book American Restoration written by Jeff Webb and published by Bombardier Books. This book was released on 2021-01-11 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: From political corruption to education, from runaway spending to health care, entrepreneur Jeff Webb—who helped turn the activity of cheerleading into an internationally recognized sport—outlines the practical steps that are needed to unlock the tremendous economic and political potential of the American middle class.
Download or read book Rethinking the Income Gap written by Paul Ryscavage and published by Routledge. This book was released on 2017-09-08 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ethical question implied by discreparcies between the distribution of income and the economic foundations of our country is at the heart of much of today's political debate. The answer according to the left-and often the mainstream media-would require major changes in the way our economy functions so as to further redistribute income among households. Higher tax rates on the upper middle class and rich, more restrictive corporate regulations (including higher taxes), more centralized economic planning, in short more governmental intervention into the free market, would all be in our future-and their deleterious effects would soon begin working their way into American life, according to Paul Ryscavage in Rethinking the Income Gap. This book is written by an economist who has spent his career studying and analyzing income inequality. News reports of mushrooming fortunes, most recently among CEOs and hedge fund managers, alongside reports of a struggling middle class and an intractable poverty class, have been common topics for the nation's media. Ryscavage asserts that the media has misused many of the facts surrounding the increase in income inequality. He calls for a reexamination of the facts and what they mean and do not mean-and ultimately shows that, contrary to media reports, income inequality can no longer be used as a measure of economic fairness. He also writes that, notwithstanding the economic downturn of 2008, the "real" news that the media have not reported is the expansion in recent decades of our nation's middle class, especially the upper middle class. Ryscavage argues that we must reexamine what the income gap means. Its relevance as a measure of economic fairness has diminished significantly in recent years. Instead, the income gap is now linked to a variety of economic problems confronting the nation and used as a rhetorical device for stirring up social concern and advancing political agendas. Rethinking the income gap is overdue. This book does just that.
Download or read book State of the American Dream written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Economic Policy and published by . This book was released on 2013 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Riches of This Land written by Jim Tankersley and published by PublicAffairs. This book was released on 2020-08-11 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: A vivid character-driven narrative, fused with important new economic and political reporting and research, that busts the myths about middle class decline and points the way to its revival. For over a decade, Jim Tankersley has been on a journey to understand what the hell happened to the world's greatest middle-class success story -- the post-World-War-II boom that faded into decades of stagnation and frustration for American workers. In The Riches of This Land, Tankersley fuses the story of forgotten Americans-- struggling women and men who he met on his journey into the travails of the middle class-- with important new economic and political research, providing fresh understanding how to create a more widespread prosperity. He begins by unraveling the real mystery of the American economy since the 1970s - not where did the jobs go, but why haven't new and better ones been created to replace them. His analysis begins with the revelation that women and minorities played a far more crucial role in building the post-war middle class than today's politicians typically acknowledge, and policies that have done nothing to address the structural shifts of the American economy have enabled a privileged few to capture nearly all the benefits of America's growing prosperity. Meanwhile, the "angry white men of Ohio" have been sold by Trump and his ilk a theory of the economy that is dangerously backward, one that pits them against immigrants, minorities, and women who should be their allies. At the culmination of his journey, Tankersley lays out specific policy prescriptions and social undertakings that can begin moving the needle in the effort to make new and better jobs appear. By fostering an economy that opens new pathways for all workers to reach their full potential -- men and women, immigrant or native-born, regardless of race -- America can once again restore the upward flow of talent that can power growth and prosperity.
Download or read book American Mojo Lost and Found written by Peter D. Kiernan and published by Turner Publishing Company. This book was released on 2015-06-09 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: In American Mojo: Lost and Found, Peter D. Kiernan, award-winning author of New York Times bestseller Becoming China’s Bitch, focuses on America’s greatest challenge—and opportunity—restoring the middle class to its full promise and potential. Our educated, skilled and motivated middle class was the cornerstone of America’s postwar economic might, but the country’s dynamic core has struggled and changed dramatically through the last three decades. Kiernan’s extensively researched story, told through individual histories, shows how the middle class flourished under unique circumstances following World War II; and details how our middle class has been rocked and shaped by events abroad as much as at home. By excluding too many Americans, the middle class we reverently recall was fractured from the beginning. What emerges through his storytelling is a picture of middle class decline and opportunity that is fuller, more moving and profound, and ultimately more useful in terms of charting a path forward than other examinations. His unique global perspective is a vital ingredient in charting the way ahead. This new frontier thesis shows that middle class greatness is again within our grasp—if we take some powerful medicine and seize the global opportunity. America possesses the skills and talent the world needs. Americans must embrace what brought our middle class to prominence in the first place—our American Mojo—before it is too late and other countries steal the march. All that is at stake is the soul of our nation.
Download or read book The Middle Class Fights Back written by Brian D'Agostino and published by Bloomsbury Publishing USA. This book was released on 2012-07-16 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing an insightful diagnosis of what went wrong and prescriptions for a cure, this book is a must-read for angry and confused middle-class Americans who want to understand the forces that are undermining their prosperity and economic security. The Middle Class Fights Back: How Progressive Movements Can Restore Democracy in America presents an unapologetic and coherent analysis of American state capitalism. Is there a way to stop politicians, corporate CEOs, and predatory investors from plunging the entire world further into a new economic dark age? According to author, teacher, and political scientist Brian D'Agostino, PhD, the answer is "yes." His book identifies the policies undermining middle class prosperity, demolishes their protective ideologies, and offers a visionary but pragmatic agenda of policy and institutional reforms that will encourage and fuel progressive movements of the 21st century. Part I of the book exposes the national security and neoliberal policies that are deindustrializing America and undermining the middle class, as well as the ideologies that deceive and confuse ordinary people about what is occurring. Part II provides a manifesto of policy strategies and institutional reforms that can restore American democracy and prosperity, enabling the United States to once again lead the world by example as it once did in the 18th-century struggle for political democracy.
Download or read book A Modern Guide to Post Keynesian Institutional Economics written by Whalen, Charles J. and published by Edward Elgar Publishing. This book was released on 2022-04-19 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Modern Guide advances Post-Keynesian Institutional economics, an integrative tradition—inspired by keen economic observers such as John Kenneth Galbraith, Joan Robinson, and Hyman Minsky—that bridges Institutional and Post Keynesian economics. The tradition proved its worth by addressing the global financial crisis of 2007–2009, as well as by analyzing long-term trends accompanying the evolution of investor-driven (“money manager”) capitalism, including financialization, spreading worker insecurity, and rising inequality. The book begins with the history and contours of Post-Keynesian Institutionalism, and then breaks new ground, extending recent analyses of contemporary economic problems, sharpening concepts and methods, sketching new theories, and synthesizing ideas across research traditions.
Download or read book Stemming Middle Class Decline written by Nancey Green Leigh and published by Routledge. This book was released on 2017-09-04 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are Americans as well-off as they used to be? The answer affects everything from product markets and housing sales to social tranquility and presidential (and local) elections. This volume examines what is happening to the American middle class. In a detailed and comprehensive analysis, Nancey Green Leigh tracks changes in the pattern of income distribution over a twenty-year period. While earnings have increased, there is a widening gap between what middle-level earnings can purchase and the cost of a middle standard of living.Due to the fact that this decline has not been experienced equally in all regions, separate analyses are reported for urban and rural locations, major census regions, and the largest states. To identify which workers have been most affected, Leigh compares earning trends by race, gender, educational level, industry of employment, part- or full-time status, and fringe benefit recipiency. Rejecting short-term and demographic explanations, Leigh links the decline of the middle class to economic change and industrial restructuring.Leigh concludes her work by examining planning and policy prescriptions to improve the prospects of members - and aspiring members - of the middle economic class. She documents the decreasing ability of middle-level earners to purchase a middle standard of living and attributes the decline in part to failures in planning. Failures of planning, she observes, have contributed to the growing divergence between middle-level earnings and the middle standard of living. Stemming Middle-Class Decline provides comprehensive data and trends on workers, communities, regions, and the nation that all policymakers and government officials should read and examine with care.
