Stolen: How to Save the World From Financialisation
by Grace Blakeley · 9 Sep 2019 · 263pp · 80,594 words
-fuelled consumption came to be the main driver of increasing output.29 Increases in consumption came to outstrip increases in wages. In the context of stagnating wages, the gap between income and expenditure would be covered by personal borrowing. 1988 was the first year ever that consumers’ expenditure exceeded their incomes.30
What Went Wrong: How the 1% Hijacked the American Middle Class . . . And What Other Countries Got Right
by George R. Tyler · 15 Jul 2013 · 772pp · 203,182 words
government food stamps. These are unbelievable numbers for the world’s richest nation…. They face a bitter reality of fewer and fewer jobs, decades of stagnating wages, and dramatic increases in inequality…. Income inequality in the United States is greater today than it has been since the 1920s.”72 This reads as
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on their minds. Like the John Laws of yesteryear, their motivation was simply to increase their incomes at anyone else’s expense. They succeeded in stagnating wages, lowering taxes, slowing investment, and weakening the social safety net—never mind the long-term interest of shareholders, the urgency of driving productivity, or the
The American Dream Is Not Dead: (But Populism Could Kill It)
by Michael R. Strain · 25 Feb 2020 · 98pp · 27,609 words
2000s until roughly 2014. Combined with the data above, this means Americans in the bottom half of the skills matrix experienced decreased employment opportunities and stagnating wages for those with jobs for nearly a decade. No wonder they were open to “populist” messages! Other data supports this argument. Figure 10 shows that
The Upside of Inequality
by Edward Conard · 1 Sep 2016 · 436pp · 98,538 words
politically verboten to believe otherwise. It is an even greater stretch to pretend that the rising income of the 1 percent is responsible for the stagnating wages of others. Quite the opposite: the growing success of the most successful Americans has put upward pressure on employment and wage growth. Part II DEBUNKING
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, and then, when they stop working because of this new income, point only to the loss of their formerly earned income as an indication of stagnating wages. In total, all of these uncontested adjustments—size-adjusted households, healthcare, taxes, and government-transfer payments—increased median household income growth between 1979 and 2007
Automation and the Future of Work
by Aaron Benanav · 3 Nov 2020 · 175pp · 45,815 words
far been unable to escape the limits confronted by all struggles over the collective reproduction of the working class, whose deterioration, under the pressures of stagnating wages, employment insecurity, and welfare-state retreat, has been extreme. These movements fail to rise from the level of reproduction to that of production, even when
Equal Is Unfair: America's Misguided Fight Against Income Inequality
by Don Watkins and Yaron Brook · 28 Mar 2016 · 345pp · 92,849 words
about that. But the inequality alarmists invariably package the issue of inequality with things that someone using an individualist standard of value could legitimately oppose: stagnating wages, skyrocketing health care costs, declining mobility, high unemployment, the failure of government to educate children. Those are all issues worthy of discussion and debate. But
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they shouldn’t be treated as problems of inequality: we would be concerned about stagnating wages even if everyone’s wages were stagnating equally, or about a failing education system even if children were equally ignorant. Reject collectivist terminology. Taken straight
The Wealth of Humans: Work, Power, and Status in the Twenty-First Century
by Ryan Avent · 20 Sep 2016 · 323pp · 90,868 words
allowing a few teachers or doctors to do work previously done by many. The economy, and society, will try to adjust. That adjustment will mean stagnating wages for many workers, rising inequality, and a tenuous and fading connection to the world of work for many others. Workers are unlikely to take these
The Meritocracy Trap: How America's Foundational Myth Feeds Inequality, Dismantles the Middle Class, and Devours the Elite
by Daniel Markovits · 14 Sep 2019 · 976pp · 235,576 words
rich and the rest might as well live in separate countries. EIGHT SNOWBALL INEQUALITY Beginning in the 1970s, the American middle class, caught short by stagnating wages, ran out of income and began borrowing to fund its lifestyle. Even as the median wage stagnated, social and economic imperatives insisted that middle-class
Arguing With Zombies: Economics, Politics, and the Fight for a Better Future
by Paul Krugman · 28 Jan 2020 · 446pp · 117,660 words
falling incomes of, 96, 244 family values of, 286 and health care, 352 and income inequality, 259–60, 272, 273 and “skills gap,” 167–68 stagnating wages of, 92, 168, 288, 289 tax increases on, 20, 221–23 and trade war, 372 and unions, 218, 289–90, 317 work opportunities available to
Hustle and Gig: Struggling and Surviving in the Sharing Economy
by Alexandrea J. Ravenelle · 12 Mar 2019 · 349pp · 98,309 words
finance professionals cleaning houses?22 Why is driving part-time for Uber or renting a spare room on Airbnb seen as a postrecession solution to stagnating wages and the lack of job security? Why are workers who spend their “free” time on a technologically enabled second or third job, on a platform
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focus on short-term profits further means that workers are constantly competing for jobs in a “spot market” that resembles a trading floor. Thanks to stagnating wages, many families rely on two incomes, and the loss of either can be devastating. In 1994, sociologists Stanley Aronowitz and William DiFazio published The Jobless
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’ rent.”48 Based on these reports—issued by the companies themselves—it appears that while the gig economy may offer workers a way to fight stagnating wages and workplace instability, at best, this work is subsistence entrepreneurism. Increasing Social Inequalities As the Success Stories show, some workers are able to create a
How Will Capitalism End?
by Wolfgang Streeck · 8 Nov 2016 · 424pp · 115,035 words
The Global Minotaur
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Behemoth: A History of the Factory and the Making of the Modern World
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Twilight of the Elites: America After Meritocracy
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Still Broke: Walmart's Remarkable Transformation and the Limits of Socially Conscious Capitalism
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Stuffocation
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Chokepoint Capitalism
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Brexit: What the Hell Happens Now?: The Facts About Britain's Bitter Divorce From Europe 2016
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Terms of Service: Social Media and the Price of Constant Connection
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