So Rich, So Poor

So Rich, So Poor

Why It's So Hard to End Poverty in America

Book - 2012
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Offers an informed analysis of how the United States can be so wealthy yet have an outsized number of unemployed and working poor.
Publisher: New York : New Press : Distributed by Perseus Distribution, c2012
ISBN: 9781595587855
1595587853
Branch Call Number: 339.46 E218s 2012
Characteristics: xix, 184 p. ; 22 cm

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StarGladiator
Nov 14, 2013

This is a very good book, and Prof. Edelman makes some excellent and valid points. Back in a 2006 New York Times business section article, several economists with Goldman Sachs explained why they (the banks and finance sector) were so profitable, while the rest of us ("Main Street") was doing so poorly: because labor's (they were referring to the workers) wages were forced downwards, while the finance sector took the greatest share of the economy. [FYI: Prof. Edelman was the honorable member who resigned from Bill Clinton's administration when Clinton put together that so-called commission to end poverty as we know it, with such Pro-austerity junk paper peddlers as Peter G. Peterson, Mr. Blackstone Group and Mr. Peterson Institute.]

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