What Went Wrong How the 1% Hijacked the American Middle Class . . . and What Other Countries Got Right

George R. Tyler

eBook - 2013

Something has gone seriously wrong with the American economy.The American economy has experienced considerable growth in the last 30 years. But virtually none of this growth has trickled down to the average American. Incomes have been flat since 1985. Inequality has grown, and social mobility has dropped dramatically. Equally troubling, these policies have been devastating to both American productivity and our long-term competitiveness.Many reasons for these failures have been proposed. Globalization. Union greed. Outsourcing.But none of these explanations can address the harsh truth that many countries around the world are dramatically outperforming the U.S. in delivering broad middle-class prosperity. And this is despite the fact that the...se countries are more exposed than America to outsourcing and globalization and have much higher levels of union membership.In What Went Wrong, George R. Tyler, a veteran of the World Bank and the Treasury... more