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

SKU: 9781137032294

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The Shrinking American Middle Class: The Social and Cultural Implications of Growing Inequality, Kenneth D. Lawrence, 9781137032294

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Millions of American jobs in manufacturing and business processing have gone to inexpensive Asian workers in the past decade. In the coming decade, high-value added jobs held now by college educated Americans will follow them and go to the tens of millions of Asian workers who are now heading toward college degrees. Political leaders and corporate consultants minimize the coming changes and almost no one is talking about what happens to a society that loses its middle-class. Much recent research shows that the inequality that will grow with the loss of these jobs will have a devastating impact on the next generation of American workers. This book should appeal to everyone concerned about the impact of a falling standard of living in America as perhaps as many as 40 million ‘tradable jobs’ are digitized and outsourced off shore.

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