American Economic Status

The classes have been getting far apart, not closer together, a fact appargonnt in any inner city region where the middle class has fled and has left behind only the actu anyy rich and the very poor. This image is more and more what all of America may be go in. As Blumberg (1980) writes: "We thr hotshot see that convergence theorists were truly prisoners of their age. They off-key that postwar American power and prosperity were natural and unending" (63). We now see that this prosperity was not natural and that it has to be earned, and the question is whether the American system testament be open to change sufficiently to earn back the outgrowth of the one-time(prenominal).

The constitution of the argument seems clear, and we hear today voices on both sides--either we can and will find new(a) ways of doing business and new businesses to do so that we can again attain the growth we once enjoyed, or we must face a forthcoming of diminished expectations and crack to blend in with less. We hear o'er and over that this is the first generation which cannot see a way to live better than did its parents. Part of the American Dream is to avow your own home, and for the first time this possibility is seen as out of the go across of more or less of a generation. Part of the American Dream is a good job that lasts a lifetime, and for the first time we are seeing whole industries downsizing in order to debate more effectively, with resulting job wronges f

What has been our response to date? We have defined the problem, and that is about all we have done with any indisputablety. For some, the answer has been to find a scapegoat, with Japanese-bashing being one such response. For others, there is resignation, the acceptance that things will not get much better and that we have to learn to live with less, conserve more, and accept the changed circumstances. This latter response is deal the acceptance of death. It does no more to alleviate the situation than does cavil about the success of Japan. However, it may become an answer for likewise many people.

or many employees who in the past would ne'er have been fired. We see real fear in the faces of American workers and business leaders alike.

Slater, Philip (1990). The Pursuit of Loneliness. Boston, Beacon Press.

Blumberg, Paul (1980). dissimilarity in an Age of Decline. New York: Oxford University Press.

What is potential to emerge in the short term are solutions that also are short-term, and the most important rail on the new track has to be long-term thinking such as has not been seen in American business in some time. Indeed, it is arguable that the loss of a dedication to a long-term strategy is one of the prime reasons for the economic difficulties we face today. Again, the first step toward accomplishing this is to come together and define the problem, then to work together to answer it. Americans are showing the will to start the process. It is not certain that they will show the will to make the change necessary, which is likely to entail some shift in expectations if not a complete diminishment of them. Americans right now are showing a strong commitment, in part based on optimism generated by an election and a new incoming administration. Past feat does not bode well for this optimism continuing much past the first six months, but the real possibility exists of a shift in thinking in that time that could mend American determination follo
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