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The Shrinking American Middle Class: The Social and Cultural Implications of Growing Inequality

Joseph Dillon Davey




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 | #3162782 in eBooks |  2012-09-14 |  2012-09-14 | File type: PDF

|| ||"The magnitude of the United States economic problems is not appreciated by most Americans. This important book provides a wealth of information that will contribute to an informed dialogue on crucial issues". - Wanda Foglia, chair, Department of Economics, R

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 alre...

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