- Paperback: 276 pages
- Publisher: Andrews McMeel Publishing; Original edition (June 1, 1996)
- Language: English
- ISBN-10: 0836213149
- ISBN-13: 978-0836213140
- Product Dimensions: 8.5 x 5.4 x 0.7 inches
- Shipping Weight: 10.2 ounces
- Average Customer Review: 4.2 out of 5 stars See all reviews (9 customer reviews)
- Amazon Best Sellers Rank: #1,355,399 in Books (See Top 100 in Books)
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America: Who Stole the Dream? Paperback – June 1, 1996
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Top Customer Reviews
This book is the most well argued book I have read about the current demise of the middle class in the U.S. After reading it I would definitely have to say that I have more concern about political decisions being made in Washington as the authors illustrate that consistently the politicians don't do the right thing for the country.
The authors bring up several concerns
1. Middle class demise via outsourcing of manufacturing to lower cost areas
2. Growing disparity of wealth (the rich own more in % terms)
3. The outsourcing of the 'HIGH TECH JOBS' that are to be the savior of the country.
4. Commentary about various social programs set up and how ineffective they are.
In conclusion I would say this book was extremely well researched and I therefore give KUDOS to the authors. While I don't agree with everything they wrote I believe they have put forth an excellent piece of work.
My main contention with the book is that it focuses on the demise of manufacturing and low-end jobs, along with some high tech. The U.S. is expensive from a labor perspective. As we have outsourced much of our manufacturing we have been able to purchase products at cheaper prices in the U.S.. Imagine what some products would cost if we were paying for labor that was, in some cases, 10x higher than current wages in developing countries? NOWHERE in the book do the authors mention the BENEFIT to our standard of living because we can buy more with our dollars than we would be able to do so otherwise. In general, this book is WAY to the left so reader beware.
My background is a B.S. in Acct., an MBA in finance and current interests in economic and social policy development so I found this to be quite an interesting read.
One fresh feature in "...Dream" is the mounting assault on skilled high-tech salaries now underway. By and large, this is being done by either contracting out software programming to increasingly skilled Third World countries like India, or by importing these same skilled workers at a fraction of American salary. The latter operates under a legal cover that requires the company to advertise the job before turning to foreign workers as last resort. Apparently, however, compliance is left to the good faith of the company which unsurprisingly applies it insincerely. Viewed cynically, there is perhaps poetic justice in this whitecollar decline after the years of unchallenged blue-collar retreat.
The authors' discussion of the trade deficit reveals an important shortcoming in books such as this that focus mainly on statistics. As B&S show, the numbers indicate that the trade deficit continues to grow despite all the hand-wringing and tough-talk from Washington.Read more ›
I recommend this book for all working persons, regardless of your political stance.
Most Recent Customer Reviews
Excellent research showing the decline of the middle class in America. Wish more people would educate themselves on this topic and vote accordingly.Published on December 29, 2012 by Randi Wickliff
I have read some of these authors other works and they fall on the same side as Michael Moore of anything to do with the current business environment. Read morePublished on June 16, 2003 by John G. Hilliard
In this book Barlett and Steele paint a bleak outlook for the dwindling middle class. Due to government manipulating and corporations leaving America the middle class will soon... Read morePublished on January 7, 1999