Summary of David Cay Johnston's Divided , livre ebook

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34 pages

English

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Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 The choice between World A, where you earn $110,000 a year and everyone else earns $200,000, and World B, where you earn $100,000 and everyone else earns $85,000, is difficult for many Americans to decide.
#2 In the housing market, as in the automobile market, top earners have initiated a process that leads to increased expenditures on down the line, even those who have not risen in income.
#3 The family that overspends on housing at the cost of heavy debt, long working hours, financial anxiety, and a scarcity of family time is not just a familiar anecdote, but also a fair description of where middle-class America has been going.
#4 Americans are spending more because they have more money. But their spending has led others to spend more, including middle-income families. This is because the rich are spending more now simply because they have more money. But their spending has led others to spend more as well, including middle-income families.

Sujets

Political Science

Public Policy

Economic Policy

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Publié par	Everest Media LLC
Date de parution	22 mai 2022
Nombre de lectures	0
EAN13	9798822519305
Langue	English
Poids de l'ouvrage	1 Mo

Informations légales : prix de location à la page 0,0100€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

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Insights on David Cay Johnston's Divided
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3 Insights from Chapter 4 Insights from Chapter 5 Insights from Chapter 6
Insights from Chapter 1

#1

The choice between World A, where you earn $110,000 a year and everyone else earns $200,000, and World B, where you earn $100,000 and everyone else earns $85,000, is difficult for many Americans to decide.

#2

In the housing market, as in the automobile market, top earners have initiated a process that leads to increased expenditures on down the line, even those who have not risen in income.

#3

The family that overspends on housing at the cost of heavy debt, long working hours, financial anxiety, and a scarcity of family time is not just a familiar anecdote, but also a fair description of where middle-class America has been going.

#4

Americans are spending more because they have more money. But their spending has led others to spend more, including middle-income families. This is because the rich are spending more now simply because they have more money. But their spending has led others to spend more as well, including middle-income families.

#5

We have been slow to upgrade our municipal water supplies. The century-old pipes in many systems are cast-iron fittings joined by lead solder, which can leach toxic metals into the water. We have been reluctant to invest in cleaner air, and have slashed funding not only for services that benefit middle- and upper-income families, but also for low-overhead programs that make life more bearable for the poor.

#6

It is difficult to stop the cycle of spending when it is your own money. However, it is possible to start the cycle of thinking about how your actions affect others.

#7

The reelection of President Obama was like a Rorschach test, subject to many interpretations. In this election, each side debated issues that deeply worry me: the long malaise into which the economy seems to be settling, and the growing divide between the 1 percent and the rest.

#8

There are four main reasons inequality is hurting our economy: the middle class is too weak to support consumer spending, those at the top are adept at avoiding taxes, low tax receipts mean that the government cannot make the vital investments needed for long-term economic strength, and inequality is associated with more frequent and severe boom-and-bust cycles.

#9

The damage that economic inequality is doing to our social fabric and political life should make us worry. Economic inequality leads to political inequality, and a broken decision-making process.

#10

In America, student debt has surpassed credit-card debt. This is the only way to move up in America now, to borrow. And as incomes have stagnated or fallen, tuition has skyrocketed.

#11

We must address inequality, and the policies that have caused it, if we want to truly recover from the global financial crisis.

#12

Mercedes Herrerra is a 39-year-old Mexican immigrant who came to Houston in 1994. She first started cleaning houses in 1996. She was never paid for overtime, and her employers would tell her there was no overtime after forty hours.

#13

Unions are critical to stop wage theft, as they are the most effective wage-theft deterrent. They not only raise wages, but also benefits and working conditions.

#14

Unions are a formal, structured way for workers to collectively work towards wages, benefits, and working conditions within a workplace. They were first organized in colonial times by craftsmen, and were followed by factories in the early 1800s.

#15

During this period, the Catholic church ran labor schools, and the Presbyterians organized the Labor Temple in New York City. The Methodists supported mine workers in their rural congregations, and the Congregationalists trained and nurtured Frances Perkins.

#16

Unions are the most effective method of stopping wage theft, as they train workers about their rights in the workplace, provide a structure for addressing problems, and protect workers who complain.

#17

Unions help improve the lives of workers by securing better wages, benefits, and safety standards.

#18

When companies outsource, downsize, and shift from permanent to contingent employees, workers have become concerned about their job security. Unions can't guarantee complete job security, but they do attempt to create some protections.

#19

Unions are typically asked about problems with corruption, but the real problem is the media’s portrayal of unions as corrupt. Unions do not condone or support the behavior of a handful of workers who may resort to violence, and they promote nonviolence.

#20

Unions do not drive companies overseas, but they do help keep them competitive. Most unions are willing to bargain around ways to keep a company competitive, but they must also be convinced that the company is willing to invest in its workers and in adequate research and product design.

#21

The weak laws alone are bad enough for those who choose to organize, but adding insult to injury, a sophisticated, multimillion-dollar industry has developed to consult and advise employers on how to oppose unions and frighten workers.

#22

Between signing union cards and holding an election, anti-union activities have become so common that Congress was forced to pass the Employee Free Choice Act in 2006 to protect employees’ freedom to choose and pursue union representation.

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Summary of David Cay Johnston's Divided , livre ebook

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