The Shrinking American Middle Class: The Social and Cultural Implications of Growing Inequality

Davey, Joseph Dillon

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.

Details

Published by: Palgrave Macmillan

Publication Date: 2012-09-14

Format: Hardcover

ISBN-13: 9781137032294

DOI: 10.1057/9781137295071

Dimensions: 216cm x140cm

Pages: 200