The State of Working America 12th Edition by Lawrence Mishel, Josh Bivens, Elise Gould, Heidi Shierholz ISBN 0801466237 9780801466236

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Product details:

ISBN 10: 0801466237 
ISBN 13: 9780801466236
Author: Lawrence Mishel, Josh Bivens, Elise Gould, Heidi Shierholz

From Reviews of Previous Editions—
“The State of Working America remains unrivaled as the most-trusted source for a comprehensive understanding of how working Americans and their families are faring in today’s economy.”—Robert B. Reich

“It is the inequality of wealth, argue the authors, rather than new technology (as some would have it), that is responsible for the failure of America’s workplace to keep pace with the country’s economic growth. The State of Working America is a well-written, soundly argued, and important reference book.”—Library Journal

“An indispensable work on family income, wages, taxes, employment, and the distribution of wealth.”—New York Review of Books

The State of Working America 12th Table of contents:

Chapter 1 – Overview

• America’s vast middle class has suffered a ‘lost decade’…

• Income and wage inequality have risen sharply…

• Rising inequality is the major cause of wage stagnation…

• Economic policies caused increased inequality…

• Claims that growing inequality…

• Growing income inequality has not been offset by increased mobility

• Inequalities persist by race and gender

• Economic history and policy as seen from below…

• The Great Recession: Causes and consequences

• A very condensed macroeconomic history of the Great Recession…

• Economic ‘lost decades’: Weak growth for most Americans…

• Weak labor demand at the heart of the lost decade

• Weak labor demand devastates key living standards

• Dim growth prospects forecast another lost decade

• Two key lessons from the lost decade

• Extraordinarily unequal growth before the lost decade…

• Income inequality and stagnating living standards

• Wage inequality and the break between wages and productivity

• Strong income and wage growth in the atypical last half of the 1990s

• Economic mobility has neither caused nor cured…

• Today’s private economy: Not performing for middle-income Americans

• Middle-income growth lags average and historical income growth

• Social insurance programs, not private sources, account for the majority…

• Growing shares of income are dedicated to medical costs

• Households have to work more to achieve income gains

• Assessing what the private economy is really delivering…

• Today’s economy: Different outcomes by race and gender

• Many more than just two Americas

• Male and female America

• No one ‘American economy’

• Conclusion: The struggling state of working America is policy-driven

• Table and figure notes

Chapter 2 – Income

• The basic contours of American incomes

• Family and household money income

• Median family income as a metric …

• A look at income by income fifths

• Median family income by race, ethnicity, and nativity

• The Great Recession and American incomes

• Impact by income group

• Impact by race and ethnicity

• Income losses projected for years to come

• Rising inequality of American incomes

• Family income inequality

• Unequal growth of comprehensive household incomes suggests diverging well-being

• Sharp rise in income inequality apparent in every major data source

• The limited impact of taxes and transfers relative to market income

• Factors behind the large rise in inequality of market incomes

• How much did middle-income living standards actually rise between 1979 and 2007?

• Measuring living standards at the middle

• Sources of income for the middle fifth

• Income growth for the middle fifth driven largely by elderly households’ pension and transfer income

• Adjusting income for the truer contribution of healthcare transfers

• Disproportionate growth of transfers toward elderly households

• The role of hours worked and educational upgrading in wage growth

• Little of the growth of middle incomes can be attributed to a well-functioning economy

• Conclusion

• Table and figure notes

Chapter 3 – Mobility

• Intragenerational mobility

• Lifetime mobility against the backdrop of generational stagnation

• Family and individual mobility trends

• Factors associated with intragenerational mobility

• Intergenerational mobility

• Cross-country comparisons

• Impact of race, wealth, and education on mobility

  • Race

  • Wealth

  • Education

• Income inequality and mobility

• Has the American Dream become more or less attainable over time?

• Conclusion

• Figure notes

Chapter 4 – Wages

• Describing wage trends

• The decade of lost wage growth

• Contrasting work hours and hourly wage growth

• Contrasting compensation and wage growth

• Wages of production and nonsupervisory workers

• Wage trends by wage level

• Shifts in low‑wage jobs

• Trends among very high earners fuel growing wage inequality

• Trends in benefit growth and inequality

• Dimensions of wage inequality

• Gaps between higher‑ and lower‑wage workers

• Gaps between workers with different education and experience levels

• Gap between workers with comparable education and experience

• Rising education/wage differentials

• Young workers’ wages

• Growth of within‑group wage inequality

• Wage inequality by race/ethnicity and gender

• Productivity and the compensation/productivity gap

• Factors driving wage inequality

  • Unemployment

  • Shift to low‑paying industries

  • Employer healthcare costs

  • Trade and wages

  • Immigration

  • Unionization

  • Decline in real minimum wage

  • Executive and finance‑sector pay

• Explaining wage inequality: bringing the factors together

• Technology and skill mismatches

• Appeal of the technology story

• Education gaps and wage inequality

• Slowdown in growth demand for college graduates

• Within-group wage inequality

• Labor market difficulties of college graduates

• Jobs of the future

• Conclusion

• Table and figure notes

Chapter 5 – Jobs

• Job creation is a macroeconomic outcome

• Zero is not the baseline for job growth

• What are today’s jobs like?

  • Industries

  • Firm size

  • Occupations

  • Job quality

• Unemployment

  • Age

  • Race/ethnicity, gender, education

  • Foreign- vs native-born workers

• Unemployment insurance benefits

• Labor force participation: structural and cyclical changes

• Beyond unemployment rate: other measures of labor‑market slack

  • Employment‑to‑population ratio

  • Underemployment

  • Long-term unemployment

  • Over-the-year unemployment

  • Job-seekers ratio

  • Voluntary quits

• Recovering from the Great Recession

• Comparing Great Recession and its aftermath with earlier recessions

• Job loss and gender in the Great Recession

• Unemployment in the aftermath: structural or cyclical?

• Consequences of job loss for workers and families

• Conclusion

• Table and figure notes

Chapter 6 – Wealth

• Net worth

• Racial divide in net worth

• Assets: stocks, housing, retirement insecurity

• Liabilities: student loan debt, debt relative to disposable personal income, debt service

• Hardship and bankruptcy

• Wealth of U.S. citizens vs peer countries

• Conclusion

• Table and figure notes

Chapter 7 – Poverty

• Poverty measurement

  • Official poverty line

  • Supplemental Poverty Measure

  • Relative poverty

• The working poor

• Poverty-level wages

• Job quality and work hours

• Determinants of low incomes

• Macro economy and poverty

• Impact of economic, demographic, education changes on poverty rates

• Resources for low-income Americans

• International comparisons

• Poverty and earnings distribution

• Resource allocation

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Tags: Lawrence Mishel, Josh Bivens, Elise Gould, Heidi Shierholz, Working America