Wednesday, March 20, 2013

WHAT HAPPENED TO THE AMERICAN DREAM

Carl E. Van Horn, Working Scared (Or Not at All): The Lost Decade, Great Recession, and Restoring the Shattered American Dream (Lanham, Md: Rowman & Littlefield, 2013) (From the bookjacket: "At the end of the twentieth century,with the economy booming and unemployment at historic lows, the American economy was a job-producing marvel. The first decade of the twenty-first century was entirely different as the worst economy in seventy years, the Great Recession, crushed the lives of tens of millions of workers and their families, forestalled careers, scrapped hopes for college educations, delayed retirements, and foreclosed family homes. American workers experienced the best and worst of times and have endured an entire 'lost decade' of high unemployment, stagnant or declining incomes, and anxiety. Working Scared draws on nearly twenty-five thousand interviews with employed and unemployed Americans conduced from 1998 to 2012. These voices of American workers tell a compelling story about wrenching structural changes and recessions during one of the most volatile periods in U.S. economic history. This book represents one of the most comprehensive social science research portraits of the views of American workers about their jobs, the workplace, and government's role in the labor market. Working Scared will help citizens, policy makers, educators, businesses, unions, and community leaders better understand what is happening to the U.S. workforce. It also describes the essential national priorities and policies that will assist frustrated, angry, and scared American workers and the reforms that will help restore the American dream of secure employment and intergenerational progress." In the game of Musical Chairs, each time the music stops someone is left without a seat. At the end, only one person has a seat. America's economy is prolonged game of Musical Chairs. The 1 percent will have their chairs, and the 99 percent will just have to dance to a barely audible, oldies tune called The American Dream.).