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American Living Standards - Threats and Challenges (Paperback)
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American Living Standards - Threats and Challenges (Paperback)
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American Living Standards contends that the central problem of the
U.S. economy has been for some years now, and for the foreseeable
future will continue to be, the slowdown in the growth of living
standards. This decline began in the early 1970s, was masked by a
resort to overseas borrowing in the early 1980s, and now threatens
to get worse in the years immediately ahead as the foreign debt
bills come due. The editors and contributes to this volume seek to
advance our understanding of the causes and consequences of this
potential slowdown in the growth of living standards. Equally
important, the book examines what policy measure holds out the best
hope for presenting, or at the very least, minimizing this
slowdown. Various chapters explore the changes in the level and
distribution of incomes that have occurred in recent years; changes
in the quality and distribution of jobs among industries and
regions; what economists do and do not know about recent trends in
productivity growth and in the quality of education; and what
events could trigger a recession.
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