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Restoring The Middle Class Through Wage Policy
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Book Synopsis Restoring the Middle Class through Wage Policy by : Oren M. Levin-Waldman
Download or read book Restoring the Middle Class through Wage Policy written by Oren M. Levin-Waldman and published by Springer. This book was released on 2018-03-09 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book delivers a fresh and fascinating perspective on the issue of the minimum wage. While most discussions of the minimum wage place it at the center of a debate between those who oppose such a policy and argue it leads to greater unemployment, and those who favor it and argue it improves the economic well-being of low-income workers, Levin-Waldman makes the case for the minimum wage as a way to improve the well-being of middle-income workers, strengthen the US economy, reduce income inequality, and enhance democracy. Making a timely and original contribution to the defining issues of our time—the state of the middle class, the problem of inequality, and the crisis of democratic governance—Restoring the Middle Class through Wage Policy will be of interest to students and researchers considering the impact of such approaches across the fields of public policy, economics, and political science.
Author :United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions Publisher : ISBN 13 : Total Pages :88 pages Book Rating :4.:/5 (318 download)
Book Synopsis Rebuilding Economic Security by : United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions
Download or read book Rebuilding Economic Security written by United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions and published by . This book was released on 2010 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Crisis of the Middle-Class Constitution by : Ganesh Sitaraman
Download or read book The Crisis of the Middle-Class Constitution written by Ganesh Sitaraman and published by Vintage. This book was released on 2018-02-06 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this original, provocative contribution to the debate over economic inequality, Ganesh Sitaraman argues that a strong and sizable middle class is a prerequisite for America’s constitutional system. For most of Western history, Sitaraman argues, constitutional thinkers assumed economic inequality was inevitable and inescapable—and they designed governments to prevent class divisions from spilling over into class warfare. The American Constitution is different. Compared to Europe and the ancient world, America was a society of almost unprecedented economic equality, and the founding generation saw this equality as essential for the preservation of America’s republic. Over the next two centuries, generations of Americans fought to sustain the economic preconditions for our constitutional system. But today, with economic and political inequality on the rise, Sitaraman says Americans face a choice: Will we accept rising economic inequality and risk oligarchy or will we rebuild the middle class and reclaim our republic? The Crisis of the Middle-Class Constitution is a tour de force of history, philosophy, law, and politics. It makes a compelling case that inequality is more than just a moral or economic problem; it threatens the very core of our constitutional system.
Book Synopsis The Upside of Inequality by : Edward Conard
Download or read book The Upside of Inequality written by Edward Conard and published by Penguin. This book was released on 2016-09-13 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: The scourge of America’s economy isn't the success of the 1 percent—quite the opposite. The real problem is the government’s well-meaning but misguided attempt to reduce the payoffs for success. Four years ago, Edward Conard wrote a controversial bestseller, Unintended Consequences, which set the record straight on the financial crisis of 2008 and explained why U.S. growth was accelerating relative to other high-wage economies. He warned that loose monetary policy would produce neither growth nor inflation, that expansionary fiscal policy would have no lasting benefit on growth in the aftermath of the crisis, and that ill-advised attempts to rein in banking based on misplaced blame would slow an already weak recovery. Unfortunately, he was right. Now he’s back with another provocative argument: that our current obsession with income inequality is misguided and will only slow growth further. Using fact-based logic, Conard tracks the implications of an economy now constrained by both its capacity for risk-taking and by a shortage of properly trained talent—rather than by labor or capital, as was the case historically. He uses this fresh perspective to challenge the conclusions of liberal economists like Larry Summers and Joseph Stiglitz and the myths of “crony capitalism” more broadly. Instead, he argues that the growing wealth of most successful Americans is not to blame for the stagnating incomes of the middle and working classes. If anything, the success of the 1 percent has put upward pressure on employment and wages. Conard argues that high payoffs for success motivate talent to get the training and take the risks that gradually loosen the constraints to growth. Well-meaning attempts to decrease inequality through redistribution dull these incentives, gradually hurting not just the 1 percent but everyone else as well. Conard outlines a plan for growing middle- and working-class wages in an economy with a near infinite supply of labor that is shifting from capital-intensive manufacturing to knowledge-intensive, innovation-driven fields. He urges us to stop blaming the success of the 1 percent for slow wage growth and embrace the upside of inequality: faster growth and greater prosperity for everyone.
Book Synopsis The New Middle Class by : Steve Gunderson
Download or read book The New Middle Class written by Steve Gunderson and published by Greenleaf Book Group Press. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the factors that have led to the decline of the middle class and advocates for changes in education that will improve employment prospects, raise income, and provide the financial security needed to rebuild society's economic center.
Book Synopsis A Modern Guide to Post-Keynesian Institutional Economics by : Whalen, Charles J.
Download or read book A Modern Guide to Post-Keynesian Institutional Economics written by Whalen, Charles J. and published by Edward Elgar Publishing. This book was released on 2022-04-19 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Modern Guide advances Post-Keynesian Institutional economics, an integrative tradition—inspired by keen economic observers such as John Kenneth Galbraith, Joan Robinson, and Hyman Minsky—that bridges Institutional and Post Keynesian economics. The tradition proved its worth by addressing the global financial crisis of 2007–2009, as well as by analyzing long-term trends accompanying the evolution of investor-driven (“money manager”) capitalism, including financialization, spreading worker insecurity, and rising inequality. The book begins with the history and contours of Post-Keynesian Institutionalism, and then breaks new ground, extending recent analyses of contemporary economic problems, sharpening concepts and methods, sketching new theories, and synthesizing ideas across research traditions.
Book Synopsis The Riches of This Land by : Jim Tankersley
Download or read book The Riches of This Land written by Jim Tankersley and published by PublicAffairs. This book was released on 2020-08-11 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: A vivid character-driven narrative, fused with important new economic and political reporting and research, that busts the myths about middle class decline and points the way to its revival. For over a decade, Jim Tankersley has been on a journey to understand what the hell happened to the world's greatest middle-class success story -- the post-World-War-II boom that faded into decades of stagnation and frustration for American workers. In The Riches of This Land, Tankersley fuses the story of forgotten Americans-- struggling women and men who he met on his journey into the travails of the middle class-- with important new economic and political research, providing fresh understanding how to create a more widespread prosperity. He begins by unraveling the real mystery of the American economy since the 1970s - not where did the jobs go, but why haven't new and better ones been created to replace them. His analysis begins with the revelation that women and minorities played a far more crucial role in building the post-war middle class than today's politicians typically acknowledge, and policies that have done nothing to address the structural shifts of the American economy have enabled a privileged few to capture nearly all the benefits of America's growing prosperity. Meanwhile, the "angry white men of Ohio" have been sold by Trump and his ilk a theory of the economy that is dangerously backward, one that pits them against immigrants, minorities, and women who should be their allies. At the culmination of his journey, Tankersley lays out specific policy prescriptions and social undertakings that can begin moving the needle in the effort to make new and better jobs appear. By fostering an economy that opens new pathways for all workers to reach their full potential -- men and women, immigrant or native-born, regardless of race -- America can once again restore the upward flow of talent that can power growth and prosperity.
Book Synopsis A New Contract with the Middle Class by : Richard V. Reeves
Download or read book A New Contract with the Middle Class written by Richard V. Reeves and published by Brookings Institution Press. This book was released on 2020-10-06 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: A better future for the middle class is no longer an aspiration. It is a necessity. The disintegration of the American Dream is more visible than ever before. The understanding—the contract—that existed between individuals willing to work and contribute and a society willing to support those individuals when they needed it is falling apart. Now is the time to draft a new contract with America's middle class. One that rewards work and service, improves upward mobility, and reduces inequality. In A New Contract with the Middle Class Brookings senior fellows Isabel Sawhill and Richard Reeves outline the foundations of what that new contract should be, based on discussions they had across the country with middle-class Americans. Sawhill and Reeves' recommendations provide solutions to issues that came up time and time again in these conversations: money, time, relationships, health, and respect. Some of the bold recommendations included in A New Contract with the Middle Class: • Eliminate virtually all income taxes paid by the middle class. • Raise the minimum wage and subsidize wages below the median with a worker tax credit. • Offer scholarships for those who undertake at least a year of national service. • Ensure four weeks of paid leave per year. • Align school and working hours and boost child care to help working parents. America is only as strong as the American middle-class. A New Contract with the Middle Class proposes a new way forward.
Book Synopsis Wage Policy, Income Distribution, and Democratic Theory by : Oren M Levin-Waldman
Download or read book Wage Policy, Income Distribution, and Democratic Theory written by Oren M Levin-Waldman and published by Routledge. This book was released on 2010-11-23 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wage policy can be broadly defined as a set of institutions designed to bolster the wages of workers, especially for those workers who lack negotiating power. This book concentrates on the relationship between wage policy and the distribution of income and the maintenance of a sustainable democracy. Whereas economists have looked at this issue in relation to labour markets, this book aims to reset the balance by focusing on issues such as equality and democratic theory. This book makes an important contribution to the literature of public policy, political philosophy and political economy. Levin-Waldman argues that wage policy is an important component in the maintenance of democratic society and that a reduction in income inequality can have a positive effect both on personal autonomy and empowerment.
Book Synopsis The Coming Class War and How to Avoid It by : Frederick R. Strobel
Download or read book The Coming Class War and How to Avoid It written by Frederick R. Strobel and published by M.E. Sharpe. This book was released on 1999-05-07 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strobel and Peterson offer a clear, accessible analysis of the worsening distribution of income and wealth in America. In addressing the decline of the middle class, the authors determine that the middle class has not only continued to shrink, but that the majority of economic benefits have become concentrated into fewer and fewer hands. There is a close analysis of the linkage between economic and political power, as well as the increasing inability of the growing lower and shrinking middle classes to voice their economic views in Washington. The result is a uniquely American form of class conflict, which adds to our historic racial tension, and new clashes along gender and generational lines. Widening income disparities further split society. Single issue politics often emerge as a refuge for those voters unwilling or unable to deal with these complicated and seemingly insoluble issues. To prevent further class conflict in the coming quarter century, the authors outline strategic changes in policy, including a plan to strengthen social security. Anyone with an interest in current economic issues and problems will find this book helpful in understanding how the worsening income and wealth distribution came about, the consequences inherent in this situation, and suggestions for the future. Frederick R. Strobel is the William G. and Marie Selby Professor of Economics at the New College of the University of South Florida in Sarasota. This is his second book on middle class decline. He has written numerous articles on economics and economic policy, which have appeared in a wide variety of business and professional journals, including Business Week, Chicago Tribune, and American Banker. Wallace C. Peterson is the George Homes Professor of Economics Emeritus at the University of Nebraska in Lincoln. This is also his second book on middle class decline. He is the author of many other works on economic policy, including the award-winning newspaper column Money in America. He is the past president of several academic associations, including the Midwest Economics Association, the Association for Evolutionary Economics, and the Association for Social Economics.
Author :United States. Congress. House. Committee on Education and Labor. Subcommittee on Workforce Protections Publisher : ISBN 13 : Total Pages :68 pages Book Rating :4.0/5 ( download)
Book Synopsis The Growing Income Gap in the American Middle Class by : United States. Congress. House. Committee on Education and Labor. Subcommittee on Workforce Protections
Download or read book The Growing Income Gap in the American Middle Class written by United States. Congress. House. Committee on Education and Labor. Subcommittee on Workforce Protections and published by . This book was released on 2008 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Middle Class--union Made by : Richard A. Levins
Download or read book Middle Class--union Made written by Richard A. Levins and published by Itasca Books. This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The income distribution in the United States is, from a middle class perspective, as bad as it has been since the great depression. Wages, even for college graduates, are falling behind inflation. The number of families in poverty is growing. Middle Class*Union Made examines the economic forces of price gouging, wage cutting, and excessive debt that are weakening the middle class and leading us toward a landlord society that benefits none but the very few. The income distribution in the United States is now as tilted toward the hyper-wealthy and against the middle class as it has been since the Great Depression. Government must help in reversing the trend, but it cannot do it alone. Strong and effective unions are an essential part of any strategy that will restore and maintain the American middle class.
Download or read book Making More in America written by and published by Stacey Lawson. This book was released on with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Critical Wage Theory by : Ruben J. Garcia
Download or read book Critical Wage Theory written by Ruben J. Garcia and published by Univ of California Press. This book was released on 2024 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this highly original and personal book, Ruben J. Garcia argues forcefully that we must center the minimum wage as a tool for fighting structural racism. Employing the lessons of critical race theory to show how low minimum wages and underenforcement of workplace laws have always been features of our racially stratified society, Garcia explains why we must follow the leadership of social movements by treating increases in minimum wage levels and enforcement as matters of racial justice. Offering solutions that would benefit all workers, especially the immigrants and people of color most often made victims of wage theft, Critical Wage Theory is essential reading for anyone who seeks a more just future for the working class.
Author :United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Economic Policy Publisher : ISBN 13 : Total Pages :104 pages Book Rating :4.:/5 (319 download)
Book Synopsis State of the American Dream by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Economic Policy
Download or read book State of the American Dream written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Economic Policy and published by . This book was released on 2013 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The squeezed middle by : Parker, Sophia
Download or read book The squeezed middle written by Parker, Sophia and published by Policy Press. This book was released on 2013-01-16 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: As wages stagnate but living costs keep rising, the pressure on working people grows more intense. The issue of living standards has become one of the most urgent challenges for politicians in both Britain and America. 'The squeezed middle' brings together experts from both sides of the Atlantic to ask what the UK can learn from the US. American workers have not benefited from growth for an entire generation - the average American worker earned no more in 2009 than in 1975. Now British workers are undergoing a similar experience. No longer can they assume that when the economy grows their wages will grow with it. This collection brings together for the first time leading economic and policy thinkers to analyse the impact of different policies on those on low-to middle incomes and to explain what lessons the UK can learn from America's 'lost generation'. This timely book is essential reading for everyone concerned about the living standards crisis, an issue which could decide elections as well as shaping the future for millions of working families.
Book Synopsis Institutional Economics by : Charles J. Whalen
Download or read book Institutional Economics written by Charles J. Whalen and published by Routledge. This book was released on 2021-10-28 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Institutional economics is a sociocultural discipline and policy science which draws on the idea that economies are best understood through an appreciation of history, real-world institutions, and socioeconomic interrelations. This book brings together leading institutionalists to examine the tradition’s most essential perspectives and methods. The contributors to the book draw on a broad range of institutional thought from the classic work of Thorstein Veblen, John R. Commons, and Karl Polanyi, to the newer viewpoints of post-Keynesian institutionalism, feminist institutionalism, and environmental institutionalism. Methods range from frameworks used to analyze public policy and institutional change, to modes of analysis including myth busting, historically grounded narratives, and computer-based simulations. Each chapter surveys the origins, development, key features, applications, and frontiers of a particular viewpoint, framework, or mode of analysis. Due consideration is given to both strengths and weaknesses; and woven into the chapters is attention to core institutionalist concepts, including technology, institutions, culture, and complexity. The book provides economists with promising starting points for new research, students with contributions refreshingly in touch with the real world, and policymakers and social scientists with compelling reasons for engaging further with the institutionalist tradition.
