Forgotten America

Product Number: EB00758387
Released: Aug 11, 2020
Business Term: Purchase
ISBN: #9781541797857
Publisher: PublicAffairs
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Description

Vivid character-driven narrative, fused with important new economic and political reporting and research, that busts the myths about middle class decline and points the way to its revival. For over a decade Jim Tankersley of the New York Times has been on a journey to understand what the hell happened to the world's greatest middle-class success story-the post-World-War-II boom that faded into decades of stagnation and frustration for American workers. Was widespread prosperity merely a brief, golden period, now a dim memory never to be revived? Or is there hope of a resurgence that could begin reversing economic inequality and erasing political polarization? Tankersley fuses the story of forgotten Americans - struggling women and men that he met on his journey into the travails of the middle class - with important new economic and political research, providing fresh understanding how to create a more widespread prosperity. He begins by unraveling the real mystery of the American economy since the 1970s - not where did the jobs go but why haven't new, better ones been created to replace them.These insights into the dynamics that have conspired to devalue all but a select group of Americans, begins with the revelation that women and minorities played a far more crucial role in building the post-war middle class than today's politicians typically acknowledge. It culminates with his own "look in the mirror": It's "guys like me, the "well-educated college elite, who made the economy less competitive and less efficient, hindering growth. We did the deals that shipped factories overseas and invented the algorithms that rendered entire classes of jobs obsolete." The resulting long-term economic and political forces of trade, technology, and public policy have accelerated the decline of the middle class. A decline accelerated by Trump policies that have done nothing to address the structural shifts of the American economy, that have, in fact, enabled a privileged few to capture nearly all the benefits of America's growing prosperity. The "angry white men of Ohio" have been sold by Trump and others a theory of the economy and the country that is dangerously backward, one that pitches them in battle against immigrants, minorities and women who are, in reality, allies - the would-be heroes of a new American story of middle class prosperity.Tankersley brings his analysis full circle by laying out specific policy prescriptions and social undertakings that can begin moving the needle in the effort to make new and better jobs appear. By fostering an economy that opens new pathways for all workers to reach their full potential-men and women, immigrant or native-born, regardless of race-America can once again restore the upward flow of talent that can power growth and prosperity.

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Author(s): Jim Tankersley
Original Publish Date: Aug 11, 2020

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