The Shrinking American Middle Class : The Social and Cultural Implications of Growing Inequality
1st ed. 2012
Book Details
Format
Paperback / Softback
ISBN-10
134944104X
ISBN-13
9781349441044
Edition
1st ed. 2012
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
US
Country of Publication
GB
Publication Date
Sep 14th, 2012
Print length
200 Pages
AI Summary
Ksh 8,100.00
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The United States lost one third of its factory jobs in the past decade as jobs were outsourced offshore, mostly to Asia. Estimates of the number of vulnerable jobs range from a low 11 million to a staggering 56 million 'middle class' jobs.
The United States lost one third of its factory jobs in the past decade as jobs were outsourced offshore, mostly to Asia. Jobs that require a college degree are next to go. China will award six times as many degrees this year as they did ten years ago and any job that can be digitized will be ''tradable''. Estimates of the number of vulnerable jobs range from a low 11 million to a staggering 56 million ''middle class'' jobs. The median United States household income has already dropped by seven percent since 2000 and without dramatic changes in the American workforce that trend will become a disaster for middle class Americans.
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