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The United States has been epitomized as a land of opportunity,
where hard work and skill can bring personal success and economic
well-being. The American Dream has captured the imagination of
people from all walks of life, and to many, it represents the heart
and soul of the country. But there is another, darker side to the
bargain that America strikes with its people - it is the price we
pay for our individual pursuit of the American Dream. That price
can be found in the economic hardship present in the lives of
millions of Americans. In Chasing the American Dream, leading
social scientists Mark Robert Rank, Thomas A. Hirschl, and Kirk A.
Foster provide a new and innovative look into a curious dynamic -
the tension between the promise of economic opportunities and
rewards and the amount of turmoil that Americans encounter in their
quest for those rewards. The authors explore questions such as:
-What percentage of Americans achieve affluence, and how much
income mobility do we actually have? -Are most Americans able to
own a home, and at what age? -How is it that nearly 80 percent of
us will experience significant economic insecurity at some point
between ages 25 and 60? -How can access to the American Dream be
increased? Combining personal interviews with dozens of Americans
and a longitudinal study covering 40 years of income data, the
authors tell the story of the American Dream and reveal a number of
surprises. The risk of economic vulnerability has increased
substantially over the past four decades, and the American Dream is
becoming harder to reach and harder to keep. Yet for most
Americans, the Dream lies not in wealth, but in economic security,
pursuing one's passions, and looking toward the future. Chasing the
American Dream provides us with a new understanding into the
dynamics that shape our fortunes and a deeper insight into the
importance of the American Dream for the future of the country.
A robot can build a car. But a robot cannot buy a car ... The
explosion in the development of computer- and robot-based
manufacturing is seeing the rapid expansion of laborless production
systems. Such systems create enormous instability, both for the
overall world economy where money previously paid in wages is now
invested in labor-saving technology and therefore cannot be spent
on goods, and for workers whose jobs are being de-skilled or are
simply disappearing. Bringing together contributions from workers
employed in the new electronics and information industries with
theorists in economics, politics and science, Cutting Edge provides
an up-to-the-minute analysis of the complex relations between
technology and work. Individual essays look at topics including the
cyclical nature of a technologically driven economy, the
privatization of knowledge which new information industries demand,
the convergence of different economic sectors under the impact of
digitalization, and the strategies which trade unionists and
governments might deploy to protect jobs and living standards.
Technology has the potential to end material scarcity and lay the
foundations for higher forms of human fulfillment. But under
existing power structures, it is more likely to exacerbate the
poverty and misery under which most people live. Cutting Edge
weighs that balance and, in helping us to understand how technology
interacts with the production of goods and services, tips it in the
direction of a more equal and creative world.
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