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The Vanishing Middle Class : Prejudice and Power in a Dual Economy
by Peter Temin


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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.  Read more...


 
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More About The Vanishing Middle Class by Peter Temin
 
 
 
Overview

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.


 
Details
  • ISBN-13: 9780262036160
  • ISBN-10: 0262036169
  • Publisher: Mit Press
  • Publish Date: March 2017
  • Page Count: 256
  • Reading Level: Ages 18-UP
  • Dimensions: 9.3 x 6.2 x 0.9 inches
  • Shipping Weight: 1.1 pounds


Related Categories

Books > Social Science > Social Classes & Economic Disparity
Books > Social Science > Discrimination & Racism
Books > Business & Economics > Economic Conditions

 
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