The upside of inequality: how good intentions undermine the middle class
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Description
Wall Street veteran Edward Conard argues that our current obsession with income inequality is misguided and will only slow growth further. Conard tracks the implications of an economy now constrained by both its capacity for risk-taking and by a shortage of properly trained talent -- rather than by labor or capital, as was the case historically. He uses this fresh perspective to challenge the conclusions of liberal economists like Larry Summers and Joseph Stiglitz and the myths of "crony capitalism." Instead, he argues that the growing wealth of most successful Americans is not to blame for the stagnating incomes of the middle and working classes. If anything, the success of the 1 percent has put upward pressure on employment and wages. Conard argues that high payoffs for success motivate talent to get the training and take the risks that gradually loosen the constraints to growth. Well-meaning attempts to decrease inequality through redistribution dull these incentives, gradually hurting not just the 1 percent but everyone else as well. Conard outlines a plan for growing middle- and working-class wages in an economy with a near infinite supply of labor that is shifting from capital-intensive manufacturing to knowledge-intensive, innovation-driven fields. He urges us to stop blaming the success of the 1 percent for slow wage growth and embrace the upside of inequality: faster growth and greater prosperity for everyone.
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Subjects
Subjects
Business
Distributive justice
Distributive justice -- United States
Economic conditions
Economic policy
Equality
Equality -- United States
Middle class
Middle class -- United States -- Economic conditions
Nonfiction
Politics
United States -- Economic conditions -- 2009-
United States -- Economic policy -- 2009-
Distributive justice
Distributive justice -- United States
Economic conditions
Economic policy
Equality
Equality -- United States
Middle class
Middle class -- United States -- Economic conditions
Nonfiction
Politics
United States -- Economic conditions -- 2009-
United States -- Economic policy -- 2009-
More Details
ISBN:
9781595231239
9780735206618
9780698409910
9780735206618
9780698409910
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Grouping Information
Grouped Work ID | d23656bd-bf95-3cee-3cf3-7f7e29749c3e |
---|---|
Grouping Title | upside of inequality how good intentions undermine the middle class |
Grouping Author | edward conard |
Grouping Category | book |
Grouping Language | English (eng) |
Last Grouping Update | 2021-03-09 02:27:08AM |
Last Indexed | 2021-03-08 02:56:57AM |
Novelist Primary ISBN | 9781595231239 |
Solr Details
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accelerated_reader_reading_level | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
author | Conard, Edward, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
author_display | Conard, Edward | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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detailed_location_catalog | Central | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
display_description | Wall Street veteran Edward Conard argues that our current obsession with income inequality is misguided and will only slow growth further. Conard tracks the implications of an economy now constrained by both its capacity for risk-taking and by a shortage of properly trained talent -- rather than by labor or capital, as was the case historically. He uses this fresh perspective to challenge the conclusions of liberal economists like Larry Summers and Joseph Stiglitz and the myths of "crony capitalism." Instead, he argues that the growing wealth of most successful Americans is not to blame for the stagnating incomes of the middle and working classes. If anything, the success of the 1 percent has put upward pressure on employment and wages. Conard argues that high payoffs for success motivate talent to get the training and take the risks that gradually loosen the constraints to growth. Well-meaning attempts to decrease inequality through redistribution dull these incentives, gradually hurting not just the 1 percent but everyone else as well. Conard outlines a plan for growing middle- and working-class wages in an economy with a near infinite supply of labor that is shifting from capital-intensive manufacturing to knowledge-intensive, innovation-driven fields. He urges us to stop blaming the success of the 1 percent for slow wage growth and embrace the upside of inequality: faster growth and greater prosperity for everyone. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
format_catalog | Book eAudiobook eBook | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
format_category_catalog | Audio Books Books eBook | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
id | d23656bd-bf95-3cee-3cf3-7f7e29749c3e | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
isbn | 9780698409910 9780735206618 9781595231239 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
item_details
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itype_catalog | Adult Book Non-Fiction | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
last_indexed | 2021-03-08T10:56:57.258Z | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lexile_score | -1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
literary_form | Non Fiction | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
literary_form_full | Non Fiction | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
local_callnumber_catalog | 339.22 C743 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
owning_library_catalog | Sacramento Public Library | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
owning_location_catalog | Central | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
primary_isbn | 9781595231239 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
publishDate | 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
record_details
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recordtype | grouped_work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
scoping_details_catalog
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subject_facet | Distributive justice -- United States Equality -- United States Middle class -- United States -- Economic conditions United States -- Economic conditions -- 2009- United States -- Economic policy -- 2009- | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
title_display | The upside of inequality : how good intentions undermine the middle class | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
title_full | The Upside of Inequality How Good Intentions Undermine the Middle Class The upside of inequality : how good intentions undermine the middle class / Edward Conard | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
title_short | The upside of inequality | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
title_sub | how good intentions undermine the middle class | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
topic_facet | Business Distributive justice Economic conditions Economic policy Equality Middle class Nonfiction Politics |