The Vanishing Middle Class new epilogue is popular PDF and ePub book, written by Peter Temin in 2018-03-09, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Vanishing Middle Class new epilogue can be Read Online from any device for your convenience.
The Vanishing Middle Class new epilogue Book PDF Summary
Why the United States has developed an economy divided between rich and poor and how racism helped bring this about. The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor divide in America, and outlines ways to work toward greater equality so that America will no longer have one economy for the rich and one for the poor. Many poorer Americans live in conditions resembling those of a developing country—substandard education, dilapidated housing, and few stable employment opportunities. And although almost half of black Americans are poor, most poor people are not black. Conservative white politicians still appeal to the racism of poor white voters to get support for policies that harm low-income people as a whole, casting recipients of social programs as the Other—black, Latino, not like "us." Politicians also use mass incarceration as a tool to keep black and Latino Americans from participating fully in society. Money goes to a vast entrenched prison system rather than to education. In the dual justice system, the rich pay fines and the poor go to jail.
Detail Book of The Vanishing Middle Class new epilogue PDF
- Author : Peter Temin
- Release : 09 March 2018
- Publisher : MIT Press
- ISBN : 9780262535298
- Genre : Business & Economics
- Total Page : 288 pages
- Language : English
- PDF File Size : 20,6 Mb
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