So Rich, So Poor

So Rich, So Poor

Why It's So Hard to End Poverty in America

Book - 2012
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If America's gross national income of over £14 trillion were divided evenly between the entire US population, every household could call itself middle class. Yet the income level disparity in the US is now wider than at any point since the Great Depression. So Rich, So Poor delves into what is happening to the people behind the statistics and takes a particular look at the continuing crisis of young African Americans. Crucial reading for anyone who wishes to understand the most critical American dilemma of the 21st century.
Publisher: New York : New Press, [2012]
Copyright Date: ©2012
ISBN: 9781595587855
Branch Call Number: 339.46097 EDE
Characteristics: xix, 184 pages ;,22 cm


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Nov 14, 2013

This is a very good book, and Prof. Edelman makes some excellent and valid points. Back in a 2006 New York Times business section article, several economists with Goldman Sachs explained why they (the banks and finance sector) were so profitable, while the rest of us ("Main Street") was doing so poorly: because labor's (they were referring to the workers) wages were forced downwards, while the finance sector took the greatest share of the economy. [FYI: Prof. Edelman was the honorable member who resigned from Bill Clinton's administration when Clinton put together that so-called commission to end poverty as we know it, with such Pro-austerity junk paper peddlers as Peter G. Peterson, Mr. Blackstone Group and Mr. Peterson Institute.]

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