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Emerging Trends-Can The Middle Class Be Preserved?

Innovation, Optimism and Jobs

Joe Nocera FEB. 14, 2014 NYTimes Is digital technology destroying middle-class jobs? Does it exacerbate income inequality? Does it boost economic growth and productivity — without creating the jobs that ought to come with economic growth? Last month I gave space to a book titled “Who Owns the Future?” by the computer scientist Jaron Lanier. […]

The Middle Class Is Steadily Eroding. Just Ask the Business World.

By NELSON D. SCHWARTZFEB. 2, 2014 nytIMES In Manhattan, the upscale clothing retailer Barneys will replace the bankrupt discounter Loehmann’s, whose Chelsea store closes in a few weeks. Across the country, Olive Garden and Red Lobster restaurants are struggling, while fine-dining chains like Capital Grille are thriving. And at General Electric, the increase in demand […]

Capitalism vs. Democracy

JAN. 28, 2014 Thomas B. Edsall NYTimes Thomas Piketty’s new book, “Capital in the Twenty-First Century,” described by one French newspaper as a “a political and theoretical bulldozer,” defies left and right orthodoxy by arguing that worsening inequality is an inevitable outcome of free market capitalism. Piketty, a professor at the Paris School of Economics, […]

‘Report card’ says US economy is failing | Futurity

Posted by Clifton B. Parker-Stanford on January 20, 2014 Futurity A new report highlights the implications of rising poverty, job loss, and greater inequality in America. The social safety net has performed admirably, but is struggling to meet rising poverty and needs. It gets a mixed grade, while the economy gets an “F” for failing […]

Will Digital Networks Ruin Us?

By JOE NOCERA Published: January 6, 2014 NYTimes The most important book I read in 2013 was Jaron Lanier’s “Who Owns the Future?” Though it was published in May, I came to it late in the year. But this turned out to be fortuitous timing. With unemployment seemingly stalled out at around 7 percent in […]

The Real Reason the Middle Class Is Dead

Salon / By Edward McClelland January 1, 2014 Let me tell you the story of an “unskilled” worker in America who lived better than most of today’s college graduates. In the winter of 1965, Rob Stanley graduated from Chicago Vocational High School, on the city’s Far South Side. Pay rent, his father told him, or […]

Inequality for Dummies – NYTimes.com

By BILL KELLER Published: December 22, 2013 NYTimes Inequality is in. The president, you have probably heard, has declared income inequality to be “the defining challenge of our time.” (Except he didn’t quite, but we’ll get to that.) Politicians, pundits and activists on the left have seized on the president’s words, along with the rising […]

The most unequal place in America

By John D. Sutter, CNN updated 5:42 PM EDT, Wed October 30, 2013 Editor’s note: John D. Sutter is a columnist for CNN Opinion and head of CNN’s Change the List project. Follow him on Twitter, Facebook or Google+. E-mail him at [email protected] Lake Providence, Louisiana (CNN) — Delores Gilmore used to have a dream. […]

Under My Thumb

By TIMOTHY EGAN Published: November 14, 2013 NYTimes SEATTLE — This is how the middle class dies, not with a bang, but a forced squeeze. After a global corporation posts record profits, it asks the state that has long nurtured its growth for the nation’s biggest single tax break, and then tells the people who […]

Reinventing The Dwindling Middle Class May Take A Revolution

by KELLY MCEVERS November 12, 2013 3:04 AM NPR My parents moved away from Lincoln, Ill., two decades ago, when I was in college. I hardly ever get back there. But my mom still works in Lincoln, and it was to Lincoln I headed to meet her this fall, after returning to the U.S. from […]