America at Risk: The Crisis of Hope, Trust, and Caring by Robert Perrucci

By Robert Perrucci

In the USA in danger, Robert Perrucci and Carolyn C. Perrucci establish the huge fiscal and technological alterations that experience resulted in the lack of excessive salary jobs, declining chance, and elevated source of revenue and wealth inequality. Taking information from a thirty-year interval, Perrucci and Perrucci follow a severe sociological lens to view the dominant monetary, political, and cultural associations that reason the most social difficulties affecting americans.

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Additional info for America at Risk: The Crisis of Hope, Trust, and Caring

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In 1957, the Soviet Union shocked the world by launching a satellite into space. The Soviet Sputnik circling the earth pushed the United States into a rapid-response catch-up program. The government established the National Defense Education Act, which was designed to support graduate education for the nation’s best undergraduates by paying tuition and providing a fellowship to cover four years of graduate education. So, our The American Dream Is Fading 37 second author was awarded an NDEA fellowship, which she used to obtain a PhD in sociology and embark on an academic career.

At the top of this class are skilled workers like nurses, schoolteachers, civil servants, carpenters, machinists, electricians, and owners of very small businesses. Their incomes are usually between $35,000 and $50,000 (a $20-per-hour job yields $40,000 a year) and some may earn more because of overtime opportunities. Some in this group may have a higher family income ($60,000 to $70,000 a year) because many are dual earners, with a spouse who has a part-time or full-time job. Some in this group may still have the protection of a union contract, but what they all have as their source of security is that there is a labor market for their skill.

Consider the case of an operations manager for a plant in San Fernando Valley. [He] lost his $130,000-a-year job in January 1993 when the plant he managed was shut down permanently. 21 This former manager is lucky compared to displaced blue-collar workers, because his family survives on savings put away during the good times. His optimism has been shaken (“I believe in the American Dream. ”), and he expresses concern that his wife and children will think less of him: “I know I’ll never feel safe again.

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