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In this provocative, witty, and revealing polemic, journalist Daniel Brook argues that the exploding income gap--a product of the conservative ascendance--is systematically dismantling the American dream, as debt-laden, well-educated young people are torn between their passions and the pressure to earn six-figure incomes. Rising education, housing, and health-care costs have made it virtually impossible for all but the corporate elite to enjoy what...
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"Imagine a world without inflation: prices in the shops rising in some years but falling in others; pay rising by 2 or 3% in the good years, but static or falling in the bad ones; house prices as likely to fall as to rise; interest rates in the range 2-4%."--BOOK JACKET. "In the post-war period of producer power companies could push up prices and groups of workers could push up pay. Now, by contrast, both businesses and workers are tightly constrained....
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With almost one-third of all working people today earning wages below the official poverty line, community coalitions around the country have responded by proposing "living wage" ordinances at the municipal level. This book analyzes the specifics of this new economic concept, as well as documents the results of its implementation in cities around the nation. Illustrated.
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In this book, Stapleford interweaves economic theory with political history to create a novel account of the quantitative knowledge that underpins much of American political economy. Demonstrating that statistical calculations inevitably require political judgments, he reveals what choices were made in constructing and using cost-of-living statistics and why those choices matter both for our understanding of American history and for contemporary political...
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"Following the format of the widely acclaimed, The Value of a Dollar, The Value of a Dollar 1600- 1865, The Colonial Era to The Civil War records the actual prices of thousands of items that consumers purchased, from the Colonial Era to the Civil War. Our editorial department was flooded with requests from users of our Value of a Dollar for the same type of information, just from an earlier time period. This volume was created to fill that important...
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While trillions of dollars came and went in the stock market boom of the 1990s, the image of ""every man and woman a CEO"" may turn out to be the era's lasting legacy. Business news, once reserved to specialized papers or sections of the larger news of the day, came to the forefront in cable television and in cultural images of how ordinary people, through the internet and other avenues could not only master their financial life, but move money and...
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"The most widely cited social welfare statistics in the United States are based on tabulations of family income. The picture that emerges is cause for concern; real median family income has hardly risen since the early 1970s, while inequality has increased and poverty has remained high. Yet consumption-based statistics as employed in this work yield rigorous and quite different estimates of individual and social welfare. Closely linked to economic...
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Using the latest social, economic, attitudinal, and demographic data, this book tells us where we've been, where we are, and where we are going. This upbeat and incisive look at American life will surprise the doomsayers and encourage everyone who is looking for the facts instead of the myths about the state of the union promoted by the media. -- Book Jacket.
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Over the past twenty years, the quality of life for American workers - blue-collar and white-collar, young and old, skilled and unskilled - has gone from reasonable comfort to near desperation. In this brilliantly original and compelling book, two distinguished economists show how this disastrous downward swing can be traced directly to the insidious disease of debt - not just government debt but personal and corporate debt as well. Corporate debt...
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Description
"In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, home appliances, motor vehicles, air travel, air conditioning, and television transformed households and workplaces. With medical advances, life expectancy between 1870 and 1970 grew from forty-five to seventy-two years. Weaving together a narrative, historical anecdotes, and economic...
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