Crunch: Why Do I Feel So Squeezed? (And Other Unsolved Economic Mysteries)
by Jared Bernstein
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Book Summary Information
Author: Jared BernsteinEdition: Hardcover
Audio: English (Original Language); English (Unknown); English (Published)
Published: 2008-04-01
ISBN: 1576754774
Number of pages: 225
Publisher: Berrett-Koehler Publishers
Book Reviews of Crunch: Why Do I Feel So Squeezed? (And Other Unsolved Economic Mysteries)
Book Review: Debating Dad - We are Crunched but is the world improving?
Summary: 4 Stars
My Dad and I have been having this running debate about the direction the world is going. I say better, he says worse, and we never seem to come to any consensus. Crunch, by that rare bird a progressive economist, could be exhibit #1 in the evidence Dad presents to support his case. Bernstein makes the (valid) point that while our country has gotten much richer on the whole over the past two-decades, most folks feel economically "crunched" due to stagnating wages and significant increases in costs for housing, health care, and education. While some things have gotten cheaper due to globalization (like computers), this has not made up for the rise in expenses for the most important things we need, and just to keep up families have had to work longer hours in jobs that are increasingly less secure. Bernstein is an excellent writer, a clear minded economist (one of the first to recognize the growth in low-wage workers and a big source for my dissertation), as well as a player on the Washington policy scene. So is Dad right? I think that Bernstein's time horizons are simply too short, and the growth in living standards, health and longevity over the long run due to increases in technology and the spread of market economics are the really big stories. Sure, we should fight for a progressive agenda (and elect Obama), but Bernstein's observations and policies ideas are not in conflict with recognizing that on a macro sense we would not want to trade life in 2008 for life in 1958.
Summary of Crunch: Why Do I Feel So Squeezed? (And Other Unsolved Economic Mysteries)
Is Social Security really going bust, and what does that mean to me? If I hire an immigrant, am I hurting a native-born worker? How much can presidents really affect economic outcomes? Why does the stock market go up when employment declines? What's a "living wage?" Why do I feel so squeezed?If you'd like to know the answers to these questions, premier economist Jared Bernstein is here to help. In "Crunch" he answers these as well as dozens of others he has fielded from working Americans by email, on blogs, and at events where he speaks. Chances are if there's a stumper you've always wanted to ask an economist, it's solved in this book.
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