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Myths of rich & poor :why we're better off than we think

Synopses & Reviews

Publisher Comments:

Popular wisdom holds that the years since 1973—the end of the “postwar miracle”—have been a time of economic decline and stagnation: lackluster productivity, falling real wages, and lost competitiveness. The rich have gotten richer, the poor have gotten poorer, and most of us have barely held on while watching all the best jobs disappear overseas.As Myths of Rich and Poor demonstrates, this picture is not just wrong, it’s spectacularly wrong. The hard numbers, simple facts, and iconoclastic arguments of this book will change the way you think about the American economy.

Book News Annotation:

Tries to show that the pessimism about the American economy is unfounded, that the economy has, in fact, been working better than ever. With jargon and graphs aimed to persuade, the book claims the following are not true: American's living standards have been falling; both adults have to work to maintain a good standard of living; American workers are no longer as productive as they once were; and, as companies ship manufacturing jobs overseas, the U.S. is left with inferior service jobs. The writers, a bank vice-president and business reporter, refer primarily to surveys, magazine articles, and statistics. Annotation c. by Book News, Inc., Portland, OR (booknews@booknews.com)

Product Details

ISBN:
9780465047840
Subtitle:
Why We're Better Off Than We Think
Publisher:
Basic Books
Author:
Cox, W. Michael
Author:
Alm, Richard
Location:
New York, N.Y. :
Subject:
United states
Subject:
Economic Development
Subject:
Economic Conditions
Subject:
Wealth
Subject:
Poor
Subject:
Cost and standard of living
Subject:
Downsizing of organizations
Subject:
Modern - General
Edition Number:
1st ed.
Publication Date:
19990105
Binding:
HC
Language:
English
Illustrations:
Yes
Pages:
272
Dimensions:
9.53x6.38x.88 in. 1.10 lbs.

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