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Downward mobility

Author: Kenneth Jost
Publisher: Washington, D.C. : CQ Press, 1993.
Series: CQ researcher, v. 3, no. 27.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
The United States was built on a dream of ever-increasing prosperity, but that dream is being supplanted by the specter of downward mobility. After two decades of sluggish economic growth, hundreds of thousands of Americans have found themselves sliding down the economic ladder. Plant closings have wiped out blue-collar jobs. Corporate "downsizing" has thrown white-collar workers into the job market. And employers  Read more...
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Details

Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Kenneth Jost
OCLC Number: 62381857
Notes: Title from caption (viewed Oct. 31, 2005).
"July 23, 1993."
Details: Mode of access: World Wide Web.
Series Title: CQ researcher, v. 3, no. 27.
Other Titles: What happened to the American Dream?
Responsibility: by Kenneth Jost.

Abstract:

The United States was built on a dream of ever-increasing prosperity, but that dream is being supplanted by the specter of downward mobility. After two decades of sluggish economic growth, hundreds of thousands of Americans have found themselves sliding down the economic ladder. Plant closings have wiped out blue-collar jobs. Corporate "downsizing" has thrown white-collar workers into the job market. And employers are making growing use of "contingent workers" who get lower pay and benefits than full-time employees. Some observers say the generation entering the work force today may never equal the standard of living their parents achieved. The financial impact of downward mobility can be severe, but the psychological effects can be even more devastating. And those scars may last long after the U.S. economy gets back on track.

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