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Description
Draws on the findings of a project that examined employment in the service industries of France, Germany, the Netherlands, the UK and the USA during the period 1970-2000. Finds more service workers in the USA due to more demand for health care and education, and generally higher consumption by American households, such as outsourcing of domestic work.
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Dismantling dozens of firmly-held beliefs, Cox and Alm show that: "Real income" is an unreliable measure of living standards. Real wealth - the lifestyle Americans routinely enjoy - has skyrocketed; the poor have not gotten poorer. In fact, the average family living below the poverty line today is doing as well or better, in terms of material possessions, as middle-class families in 1971; corporate downsizing creates jobs in the long run; income mobility...
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