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HAWAII STATE PUBLIC LIBRARY SYSTEM
Item Information
Summary
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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.
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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.
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