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The vanishing middle class : prejudice and power in a dual economy / Peter Temin.

By: Temin, Peter [author.].
Material type: materialTypeLabelBookPublisher: Cambridge, Massachusetts ; London, England : The MIT Press, [2017]Copyright date: ℗♭2017Description: xvii, 234 pages : illustrations ; 24 cm.Content type: text Media type: computer Carrier type: online resourceISBN: 9780262036160 (hbk.); 9780262339988; 0262339986; 9780262339995; 0262339994.Subject(s): Since 2009 | Income distribution -- United States | Middle class -- United States -- Economic conditions | Minorities -- United States -- Economic conditions | Equality -- United States | Economic history | Economic policy | Equality | Income distribution | Middle class -- Economic conditions | Minorities -- Economic conditions | BUSINESS & ECONOMICS / Economics / Macroeconomics | POLITICAL SCIENCE / Economic Conditions | POLITICAL SCIENCE / Public Policy / Economic Policy | United States -- Economic conditions -- 2009- | United States -- Economic policy -- 2009- | United StatesDDC classification: 339.2208900973 TEM
Contents:
Introduction -- A dual economy -- The FTE sector -- The low-wage sector -- Transition -- Race and gender -- The investment theory of politics -- Preferences of the very rich -- Concepts of government -- Mass incarceration -- Public education -- American cities -- Personal and national debts -- Comparisons -- Conclusions.
Summary: "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." -- Publisher's description.
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Item type Current location Call number Status Date due Barcode
Book Book Indian Institute for Human Settlements, Bangalore
339.2208900973 TEM 011924 (Browse shelf) Available 011924

Includes bibliographical references and index.

Introduction -- A dual economy -- The FTE sector -- The low-wage sector -- Transition -- Race and gender -- The investment theory of politics -- Preferences of the very rich -- Concepts of government -- Mass incarceration -- Public education -- American cities -- Personal and national debts -- Comparisons -- Conclusions.

"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." -- Publisher's description.

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