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Item Information       Summary     More Content     More by this author     Cox, W. Michael.     Subjects     Cost and standard of living -- United States.     Downsizing of organizations.     Economic development.     United States -- Economic conditions -- 1971-1981.     United States -- Economic conditions -- 1981-2001.     Browse Catalog     by author:      Cox, W. Michael.       by title:      Myths of rich & poor...         MARC Display

Myths of rich & poor [electronic resource] : why we're better off than we think / W. Michael Cox, Richard Alm. by Cox, W. Michael. New York, N.Y. : Basic Books, c1999. Subjects Cost and standard of living -- United States.   Downsizing of organizations.   Economic development.   United States -- Economic conditions -- 1971-1981.   United States -- Economic conditions -- 1981-2001. Electronic Resource http://hawaii.lib.overdrive.com/ContentDetails.htm?ID=BA179AC1-59A9-4DCB-BB0B-E52CCB24A6EF This title is available online; click here to access ISBN:  9780786723911 (electronic bk.) 0786723912 (electronic bk.) Description:  1 online resource (xvi, 256 p.) : ill. Contents:  pt. 1. Myths about income and living standards -- ch. 1. Waking up to good times -- ch. 2. New and improved -- ch. 3. Time for symphonies and softball -- ch. 4. By our own bootstraps -- ch. 5. Still on top of the world -- pt. 2. Myths about jobs -- ch. 6. Upside of downsizing -- ch. 7. Somebody always flipped hamburgers -- ch. 8. Economy at light speed -- ch. 9. Great American growth machine. Requests:  0 Summary:  Dismantling dozens of firmly-held beliefs, Cox and Alm show that: "Real income" is an unreliable measure of living standards. Real wealth - the lifestyle Americans routinely enjoy - has skyrocketed; the poor have not gotten poorer. In fact, the average family living below the poverty line today is doing as well or better, in terms of material possessions, as middle-class families in 1971; corporate downsizing creates jobs in the long run; income mobility is alive and well. Of people at the bottom fifth of the income distribution in 1975, almost 3 in 10 were in the top fifth by 1991; and America's trade deficit is a sign of strength. We can afford to import more than we export because America is such an attractive haven for overseas investments.   Copy/Holding information No Item Information

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