CiNii Books - The squeezed middle : the pressure on ordinary workers in America and Britain

As wages stagnate but living costs keep rising, the pressure on working people grows more intense. The issue of living standards has become one of the most urgent challenges for politicians in both Britain and America. 'The squeezed middle' brings together experts from both sides of the Atlantic to ask what the UK can learn from the US. American workers have not benefited from growth for an entire generation - the average American worker earned no more in 2009 than in 1975. Now British workers are undergoing a similar experience. No longer can they assume that when the economy grows their wages will grow with it. This collection brings together for the first time leading economic and policy thinkers to analyse the impact of different policies on those on low-to middle incomes and to explain what lessons the UK can learn from America's 'lost generation'. This timely book is essential reading for everyone concerned about the living standards crisis, an issue which could decide elections as well as shaping the future for millions of working families.

Table of Contents

Foreword by Gavin Kelly and Jared Bernstein
Introduction ~ Sophia Parker
Section 1: Setting the scene: a rising tide no longer lifts all boats
A lost decade, not a burst bubble: the declining living standards of middle-class households in the US and Britain ~ Larry Mishel and Heidi Shierholz
Rising incomes and modest inequality: the high employment route ~ Lane Kenworthy
Section 2: Policy lessons: creating quality work, raising incomes and building greater economic security
Improving job quality in low-paid jobs: care workers in the US ~ Eileen Appelbaum and Carrie Leana
Employment change and economic vulnerability in the US ~ Francoise Carre and James Heintz
New evidence and new directions for promoting labour market advancement for low and modest earners ~ Jim Riccio
Boosting the pay packets of low- to middle-income families ~ Daniel P. Gitterman
Strategies to expand the affordable private rental stock ~ Keith Wardrip
Insulating middle-income households from economic insecurity: why savings matter, and how we can increase them ~ Joanna Smith-Ramani and Preeti Mehta
Section 3: Looking ahead: a cautionary tale
The path to post-recession prosperity ~ Tamara Draut
How US politics is undermining the American Dream, and what it means for the UK ~ Jacob S. Hacker
Conclusion: learning the lessons ~ Vidhya Alakeson.

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The squeezed middle : the pressure on ordinary workers in America and Britain

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