The United States in the 1990s has had seven years of economic boom with low unemployment, low inflation, and low government deficit. Amid all of this good news, inequality has increased and wages have barely risen. Common sense knowledge seems to be right in this instance, that is, the rich get richer, the poor get poorer, and the middle class is shrinking. Though President Clinton boasts that the number of people on welfare has decreased significantly under his regime to 8 million, a 44% decline from 1994, he forgets that there are still 36.5 million poor people in the United States, which is only a 2% decline in the same amount of time. How is it possible that we have increasing inequality during economic prosperity
This contradiction is not easily explained by the dominant neoclassical economic discourse of our time. Nor is it resolved by neoconservative social policy. More helpful is the one book under review: James K. Galbraith’s Created Unequal, a Keynesian a
A. being too optimistic about the economic prosperity
B. lying about the economic situation to the public
C. increasing the number of people on welfare
D. being reluctant to raise the salary of the average people
The United States in the 1990s has had seven years of economic boom with low unemployment, low inflation, and low government deficit. Amid all of this good news, inequality has increased and wages have barely risen. Common sense knowledge seems to be right in this instance, that is, the rich get richer, the poor get poorer, and the middle class is shrinking. Though President Clinton boasts that the number of people on welfare has decreased significantly under his regime to 8 million, a 44% decline from 1994, he forgets that there are still 36.5 million poor people in the United States, which is only a 2% decline in the same amount of time. How is it possible that we have increasing inequality during economic prosperity
This contradiction is not easily explained by the dominant neoclassical economic discourse of our time. Nor is it resolved by neoconservative social policy. More helpful is the one book under review: James K. Galbraith’s Created Unequal, a Keynesian a
A. is devoted to analyzing why economic boom usually goes with wage inequality
B. reviews the dominant neoclassical economic discourse of our time
C. recommend resolving the present problem by neoconservative social policy
D. attributes the present increasing wage inequality to several factors
Passage Three
The United States in the 1990s has had seven years of economic boom with low unemployment, low inflation, and low government deficit. Amid all of this good news, inequality has increased and wages have barely risen. Common sense knowledge seems to be right in this instance, that is, the rich get richer, the poor get poorer, and the middle class is shrinking. Though President Clinton boasts that the number of people on welfare has decreased significantly under his regime to 8 million, a 44% decline from 1994, he forgets that there are still 36.5 million poor people in the United States, which is only a 2% decline in the same amount of time. How is it possible that we have increasing inequality during economic prosperity
This contradiction is not easily explained by the dominant neoclassical economic discourse of our time. Nor is it resolved by neoconservative social policy. More helpful is the one book under review: James K. Galbraith’s C
A. being too optimistic about the economic prosperity
B. lying about the economic situation to the public
C. increasing the number of people on welfare
D. being reluctant to raise the salary of the average people
我来回答: