The vanishing middle class
by Peter Temin · first published 2017
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2HN commenters
2018first – last mentioned
50% recommend50% neutral
"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 po
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…bankruptcy and commercial law. She is third most cited academic in her specialty. She is pretty good at economics especially when it comes to consumer behavior and one of the best politicians overall. "The Vanishing Middle Class" (2007) is a good book.
on “How LeBron James' new public school is the first of its kind” ↗The article is a book teaser for The Vanishing Middle Class: Prejudice and Power in a Dual Economy, by Peter Temin at MIT. The central point, he argues, is that the top 20% professional-and-up top crust of American society has enacted structural gatekeeping processes…
on “Escaping Poverty Requires Almost 20 Years with Nearly Nothing Going Wrong” ↗