"Bivens succeeds at exposing the 'cracked foundation' of the economy . . .: falling wages, assaults on unionism, globalization for workers and insulation for elites, the rise of the nonproductive financial sector, and the abandonment of full employment as a policy target. In graph after carefully and simply explained graph, Bivens walks the reader through the historical trajectory of these and other economic developments that have come to define the current situation."—Cecilio Morales, America (29 August 2011)
"In this useful and timely work, Bivens provides an assessment that will clarify for many the widely held view that the current 'great recession' need not have occurred but rather was due to government policy errors. These included minimum wage erosion by inflation; weakening of laws governing unions and collective bargaining; globalization that benefitted the already privileged; and slow growth of wages and income at the middle of the income distribution . . . . Summing up: Highly recommended."—Choice (January 2012)
About the Author
Josh Bivens has been an economist at the Economic Policy Institute since 2002. He is the author of Failure by Design: The Story behind America's Broken Economy and coauthor of The State of Working America, 12th Edition, both from Cornell.
Lawrence Mishel is the president of the Economic Policy Institute and its research director from 1987 to 1999. He is the coauthor of every edition of The State of Working America.