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Transition

Peter Temin

in The Vanishing Middle Class: Prejudice and Power in a Dual Economy

Published in print:
2017
Published Online:
January 2018
ISBN:
9780262036160
eISBN:
9780262339988
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262036160.003.0004
Subject:
Business and Management, Political Economy

Education is the way for low-wage workers to move into the FTE sector, as moving to the city was the way to advance in the original Lewis model. Just as slums show the difficulty migrants face in ... More


Personal and National Debts

Peter Temin

in The Vanishing Middle Class: Prejudice and Power in a Dual Economy

Published in print:
2017
Published Online:
January 2018
ISBN:
9780262036160
eISBN:
9780262339988
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262036160.003.0012
Subject:
Business and Management, Political Economy

The United States has a dual financial system; the FTE sector has financial assets, and the low-wage sector has personal debts. Financial policies after the 2008 financial crisis did not include ... More


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