Author: OECDPublisher: OECD Publishing
ISBN: 926415034X
Category :
Languages : en
Pages : 173
Book Description
Middle-class households feel left behind and have questioned the benefits of economic globalisation.
Under Pressure: The Squeezed Middle Class
Author: OECDPublisher: OECD Publishing
ISBN: 926415034X
Category :
Languages : en
Pages : 173
Book Description
Middle-class households feel left behind and have questioned the benefits of economic globalisation.
The Squeezed Middle
Author: Sophia ParkerPublisher: Policy Press
ISBN: 144730893X
Category : Business & Economics
Languages : en
Pages : 184
Book Description
The issue of living standards is arguably the biggest challenge facing economists and politicians in the United States and the United Kingdom today. The product of a year-long fellowship at Harvard University's Kennedy School of Government, The Squeezed Middle brings together leading experts from both sides of the Atlantic to ask what the UK can learn from the US experience of stagnating wages and rising living costs. American workers have not benefited from growth for an entire generation: adjusting for inflation, the average American worker today earns as much as the average American worker did in 1975. During the last decade British workers have had a similar experience--they can no longer assume that when the economy grows their wages will grow with it. With contributions from a number of leading economic and policy thinkers, this collection analyzes the impact of different policies on those with low to middle incomes and explains what lessons the UK can learn from America's so-called lost generation. A timely and crucial book, it is essential reading for anyone concerned about the living standards crisis and will have great relevance to policy makers and researchers in the UK, United States, and beyond.
Squeezed
Author: Alissa QuartPublisher: HarperCollins
ISBN: 0062412272
Category : Social Science
Languages : en
Pages : 326
Book Description
One of TIME’s Best New Books to Read This Summer “Brilliant—a keen, elegantly written, and scorching account of the American family today. Through vivid stories, sharp analysis and wit, Quart anatomizes the middle class’s fall while also offering solutions and hope.” — Barbara Ehrenreich, author of Nickel and Dimed Families today are squeezed on every side—from high childcare costs and harsh employment policies to workplaces without paid family leave or even dependable and regular working hours. Many realize that attaining the standard of living their parents managed has become impossible. Alissa Quart, executive editor of the Economic Hardship Reporting Project, examines the lives of many middle-class Americans who can now barely afford to raise children. Through gripping firsthand storytelling, Quart shows how our country has failed its families. Her subjects—from professors to lawyers to caregivers to nurses—have been wrung out by a system that doesn’t support them, and enriches only a tiny elite. Interlacing her own experience with close-up reporting on families that are just getting by, Quart reveals parenthood itself to be financially overwhelming, except for the wealthiest. She offers real solutions to these problems, including outlining necessary policy shifts, as well as detailing the DIY tactics some families are already putting into motion, and argues for the cultural reevaluation of parenthood and caregiving. Writtenin the spirit of Barbara Ehrenreich and Jennifer Senior, Squeezed is an eye-opening page-turner. Powerfully argued, deeply reported, and ultimately hopeful, it casts a bright, clarifying light on families struggling to thrive in an economy that holds too few options. It will make readers think differently about their lives and those of their neighbors.
The Squeezed Middle
Author: Parker, SophiaPublisher: Policy Press
ISBN: 1447308956
Category : Political Science
Languages : en
Pages : 183
Book Description
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.
Under Pressure: The Squeezed Middle Class
Author: Publisher:
ISBN: 9789264982512
Category :
Languages : en
Pages : 167
Book Description
Middle-class households feel left behind and have questioned the benefits of economic globalisation. In many OECD countries, middle incomes have grown less than the average and in some they have not grown at all. Technology has automated several middle-skilled jobs that used to be carried out by middle-class workers a few decades ago. The costs of some goods and services such as housing, which are essential for a middle-class lifestyle, have risen faster than earnings and overall inflation. Faced with this, middle classes have reduced their ability to save and in some cases have fallen into debt. This report sheds light on the multiple pressures on the middle class. It analyses the trends of middle-income households through dimensions such as labour occupation, consumption, wealth and debt, as well as perceptions and social attitudes. It also discusses policy initiatives to address the concerns raised by the middle class, by protecting middle-class living standards and financial security in the face of economic challenges.
Crunch
Author: Jared BernsteinPublisher: Berrett-Koehler Publishers
ISBN: 1576755509
Category : Business & Economics
Languages : en
Pages : 241
Book Description
According to author Bernstein, economic experts all too often manipulate and distort the science at the heart of important issues. In "Crunch," he offers entertaining, informative, and direct answers to a set of compelling economic questions posed by ordinary people.
Under Pressure: The Squeezed Middle Class
Author: OecdPublisher:
ISBN: 9789264542839
Category : Economics
Languages : en
Pages : 167
Book Description
Middle-class households feel left behind and have questioned the benefits of economic globalisation. In many OECD countries, middle incomes have grown less than the average and in some they have not grown at all. Technology has automated several middle-skilled jobs that used to be carried out by middle-class workers a few decades ago. The costs of some goods and services such as housing, which are essential for a middle-class lifestyle, have risen faster than earnings and overall inflation. Faced with this, middle classes have reduced their ability to save and in some cases have fallen into debt. This report sheds light on the multiple pressures on the middle class. It analyses the trends of middle-income households through dimensions such as labour occupation, consumption, wealth and debt, as well as perceptions and social attitudes. It also discusses policy initiatives to address the concerns raised by the middle class, by protecting middle-class living standards and financial security in the face of economic challenges.
The 9.9 Percent
Author: Matthew StewartPublisher: Simon and Schuster
ISBN: 1982114207
Category : Social Science
Languages : en
Pages : 352
Book Description
A “brilliant” (The Washington Post), “clear-eyed and incisive” (The New Republic) analysis of how the wealthiest group in American society is making life miserable for everyone—including themselves. In 21st-century America, the top 0.1% of the wealth distribution have walked away with the big prizes even while the bottom 90% have lost ground. What’s left of the American Dream has taken refuge in the 9.9% that lies just below the tip of extreme wealth. Collectively, the members of this group control more than half of the wealth in the country—and they are doing whatever it takes to hang on to their piece of the action in an increasingly unjust system. They log insane hours at the office and then turn their leisure time into an excuse for more career-building, even as they rely on an underpaid servant class to power their economic success and satisfy their personal needs. They have segregated themselves into zip codes designed to exclude as many people as possible. They have made fitness a national obsession even as swaths of the population lose healthcare and grow sicker. They have created an unprecedented demand for admission to elite schools and helped to fuel the dramatic cost of higher education. They channel their political energy into symbolic conflicts over identity in order to avoid acknowledging the economic roots of their privilege. And they have created an ethos of “merit” to justify their advantages. They are all around us. In fact, they are us—or what we are supposed to want to be. In this “captivating account” (Robert D. Putnam, author of Bowling Alone), Matthew Stewart argues that a new aristocracy is emerging in American society and it is repeating the mistakes of history. It is entrenching inequality, warping our culture, eroding democracy, and transforming an abundant economy into a source of misery. He calls for a regrounding of American culture and politics on a foundation closer to the original promise of America.
Big Data for Twenty-First-Century Economic Statistics
Author: Katharine G. AbrahamPublisher: University of Chicago Press
ISBN: 022680125X
Category : Business & Economics
Languages : en
Pages : 502
Book Description
Introduction.Big data for twenty-first-century economic statistics: the future is now /Katharine G. Abraham, Ron S. Jarmin, Brian C. Moyer, and Matthew D. Shapiro --Toward comprehensive use of big data in economic statistics.Reengineering key national economic indicators /Gabriel Ehrlich, John Haltiwanger, Ron S. Jarmin, David Johnson, and Matthew D. Shapiro ;Big data in the US consumer price index: experiences and plans /Crystal G. Konny, Brendan K. Williams, and David M. Friedman ;Improving retail trade data products using alternative data sources /Rebecca J. Hutchinson ;From transaction data to economic statistics: constructing real-time, high-frequency, geographic measures of consumer spending /Aditya Aladangady, Shifrah Aron-Dine, Wendy Dunn, Laura Feiveson, Paul Lengermann, and Claudia Sahm ;Improving the accuracy of economic measurement with multiple data sources: the case of payroll employment data /Tomaz Cajner, Leland D. Crane, Ryan A. Decker, Adrian Hamins-Puertolas, and Christopher Kurz --Uses of big data for classification.Transforming naturally occurring text data into economic statistics: the case of online job vacancy postings /Arthur Turrell, Bradley Speigner, Jyldyz Djumalieva, David Copple, and James Thurgood ;Automating response evaluation for franchising questions on the 2017 economic census /Joseph Staudt, Yifang Wei, Lisa Singh, Shawn Klimek, J. Bradford Jensen, and Andrew Baer ;Using public data to generate industrial classification codes /John Cuffe, Sudip Bhattacharjee, Ugochukwu Etudo, Justin C. Smith, Nevada Basdeo, Nathaniel Burbank, and Shawn R. Roberts --Uses of big data for sectoral measurement.Nowcasting the local economy: using Yelp data to measure economic activity /Edward L. Glaeser, Hyunjin Kim, and Michael Luca ;Unit values for import and export price indexes: a proof of concept /Don A. Fast and Susan E. Fleck ;Quantifying productivity growth in the delivery of important episodes of care within the Medicare program using insurance claims and administrative data /John A. Romley, Abe Dunn, Dana Goldman, and Neeraj Sood ;Valuing housing services in the era of big data: a user cost approach leveraging Zillow microdata /Marina Gindelsky, Jeremy G. Moulton, and Scott A. Wentland --Methodological challenges and advances.Off to the races: a comparison of machine learning and alternative data for predicting economic indicators /Jeffrey C. Chen, Abe Dunn, Kyle Hood, Alexander Driessen, and Andrea Batch ;A machine learning analysis of seasonal and cyclical sales in weekly scanner data /Rishab Guha and Serena Ng ;Estimating the benefits of new products /W. Erwin Diewert and Robert C. Feenstra.
When Middle-Class Parents Choose Urban Schools
Author: Linn Posey-MaddoxPublisher: University of Chicago Press
ISBN: 022612035X
Category : Social Science
Languages : en
Pages : 217
Book Description
In recent decades a growing number of middle-class parents have considered sending their children to—and often end up becoming active in—urban public schools. Their presence can bring long-needed material resources to such schools, but, as Linn Posey-Maddox shows in this study, it can also introduce new class and race tensions, and even exacerbate inequalities. Sensitively navigating the pros and cons of middle-class transformation, When Middle-Class Parents Choose Urban Schools asks whether it is possible for our urban public schools to have both financial security and equitable diversity. Drawing on in-depth research at an urban elementary school, Posey-Maddox examines parents’ efforts to support the school through their outreach, marketing, and volunteerism. She shows that when middle-class parents engage in urban school communities, they can bring a host of positive benefits, including new educational opportunities and greater diversity. But their involvement can also unintentionally marginalize less-affluent parents and diminish low-income students’ access to the improving schools. In response, Posey-Maddox argues that school reform efforts, which usually equate improvement with rising test scores and increased enrollment, need to have more equity-focused policies in place to ensure that low-income families also benefit from—and participate in—school change.