The shrinking American middle class
Subtitle: the social and cultural implications of growing inequality
By: Joseph Dillon Davey
Publisher: Palgrave Macmillan; Springer
Published: 2012
Place of publication: New York, NY
Language: eng
Number of pages: 207
ISBN-13: 9781137032294
Subjects: Social conditions; Equality; Economic conditions; Income distribution; Middle class
Description: 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 already dropped by seven percent since 2000 and without dramatic changes in the American workforce that trend will become a disaster for middle class Americans.
Notes: Includes bibliographical references.
Table of contents: title: Income distribution and social justice; title: The dangers of growing inequality; title: How did this happen?; title: Problems with outsourcing offshore; title: The Chinese juggernaut: how did they get where they are?; title: Problems facing China; title: India: English speakers and a demographic dividend; title: The suggested solutions? The myth of educational reform; title: Inequality in a globalized economy; title: Slowing down the shrinkage; title: Political reform and progressive taxation can reduce inequality.