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Prosperity: The Coming Twenty-Year Boom and What It Means to You

Davis, Bob; Wessel, David

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ISBN 10: 0812932005 / ISBN 13: 9780812932003
Verlag: Three Rivers Press, US, 1999
Gebraucht Zustand: Very Good Softcover
Verkäufer Robinson Street Books, IOBA (Binghamton, NY, USA)

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0812932005 Very good, some creasing. * Quality, Value, Experience. Media Shipped in New Boxes. Buchnummer des Verkäufers LOWER22KR2498

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Titel: Prosperity: The Coming Twenty-Year Boom and ...

Verlag: Three Rivers Press, US

Erscheinungsdatum: 1999

Einband: Paperback

Zustand:Very Good

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Many Americans are enjoying the fruits of prosperity.  Unemployment and inflation are low and it seems that everyone is driving a sport utility vehicle.

But is this a prosperity that's reserved for the upper middle class, the folks driving the Jeep Cherokees?  Or is something more fundamental happening?  The answers are crucial for anyone interested in how America is changing--from corporate executives to policy makers to the average person keeping up with current issues.

Bob Davis and David Wessel have spent thousands of hours in living rooms and workplaces around the country, and they show conclusively that the recent good economic news not only is here to stay but is the start of twenty years of broad-based prosperity.

Prosperity tells stories about how the lives of  the middle class are changing for the better.  These are the people who are still being wrongly consigned  b y prophets of doom and gloom to the sidelines of the new high-tech economy.  People like:
Randy Kohrs, whose training in respiratory therapy at a local community college has lifted him from dead-end, minimum-wage jobs into the ranks of the middle class

Teresa Wooten, a former worker in a low-wage South Carolina clothing factory, who is now a supervisor in a German-owned factory

The workers at the Allen-Bradley plant in Milwaukee, who are benefiting in wages and transferable job skills form the company's recent computer automation
These and many other remarkable stories bring together the three trends that will be the basis for a new, middle-class prosperity:
Our $2 trillion investment in computer and communications technology will finally pay off in faster productivity growth, a more rapidly growing economy, and rising living standards.

Community colleges are helping millions of Americans move from $7-an-hour jobs.  This unheralded change in U.S. education will help reverse the forces that have widened the chasm between more-educated and less-educated workers.

Globalization--much maligned by pundits on the left and the right--will create new and better jobs by U.S. companies that export to developing countries and by foreign companies that build plants and offices in the United States.
Davis and Wessel's front-line account, combined with persuasive evidence of the tangible benefits reaching the middle class, proves that the American dream is not only alive and well, but will reach more people than ever before.


Most predictions about the how the American economy will fair over the next 20 years are pretty bleak. The rush to globalization will force jobs to cheaper labor markets in Indonesia and China. Steel and auto workers, who once commanded top-dollar wages, will have no choice but to flip burgers at McDonald's. Gains in productivity will only benefit the rich, and only those involved in the information and technology sectors of the economy can look forward to maintaining today's standard of living--everyone else will slip over the edge. And so the predictions go on.... Authors Bob Davis and David Wessel offer a counterweight to this gloom and doom in their new book Prosperity.

Davis and Wessel, both journalists at the Wall Street Journal, contend that we are on the edge of a huge economic boom that will be fueled by three trends: high technology; the reeducation of the American work force; and globalization. They argue that gains in productivity, long promised by the computer revolution, but never delivered on, will finally kick in causing a surge of innovation and new opportunities not seen since the widespread growth and acceptance of electricity at the turn of the century. Community colleges will help to bridge the wide gap between educated and less educated workers. And finally, globalization will create new jobs and provide low-cost goods to consumers.

If you've grown weary of the future forecasted by books such as The End of Work by Jeremy Rifkin or The End of Affluence by Jeffrey Madrick, Prosperity provides a credible and well-researched reason for optimism about the next 20 years. --Harry C. Edwards

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