File Size: 4895 KB
Print Length: 198 pages
Publisher: Brookings Institution Press (May 23, 2017)
Publication Date: May 23, 2017
Let me first address a few of the naysayers and critics. Please read the book before you write reviews. The book isn't a flat out condemnation of the upper middle course (a group that Reeves also lumps himself into) but rather a study at exactly how opportunity hoarding occurs, even if well intentioned, and other not-so-kind methods that have employment with this group when trying to protect their riches and raise the likelihood of their children succeeding. Within addition to that, Reeves' work history and education are impeccable similar to those of his colleagues and the vast number of specialists which he cites. Some of the criticisms such as 'the charts are very simple' are complete rubbish. Have got you thought that maybe this is simply the harsh reality that individuals live in? There is no debate that after the most recent crisis, all the new wealth has increased to the top. That's not a debate. That's a verifiable, testable, measurable fact. All the data and numbers are reported. Go look up the studies. And furthermore, is actually hilarious to believe that chair intellectuals who will be swimming in confirmation bias and anecdotal evidence feel like they can discredit decades of research and predatory and exclusionary public policy by mentioning a few instances of '... well, I proved helpful hard, why can't they? ' and '... my father started his own business... ' Please completely dismiss the fact that upward mobility is harder than it's ever been. Student loan debt is crippling a sizable portion of Americans. Starting wages are down. Pumpiing is speeding along in a alarming rate and work-related compensation has almost absolutely no chance of closing the gap. But sure, guide your boot straps again. You're really turning the tide on the discussion.
Reeves rarely claims any one factor is the definitive reason for the ability gap. Furthermore, having been born in another country, so his ability to be aim may be greater than someone who was born in America. That's a perspective that individuals shouldn't take for granted. What he really does do is paint a haunting picture that is compounded by a number of situations that are perpetuated by the upper middle class.
I'm an cultural minority who now enjoys his life in the upper middle class, and while I don't want to rely on anecdotal evidence myself, I witnessed firsthand almost everything he talks about in this book. I double majored in university and managed to graduate with honors. I did not know anyone (nor had my parents even noticed of internships) so I actually needed to visit employment firms around town. Each one of them informed me that I was only suitable for manual labor jobs. Not only did I know this not to be true, honestly, I was insulted. I applied for a corporate position that a friend had just landed and never noticed anything back (his GPA at my same university with the same education was right below a 2. 0, and yet it still did not stop him from getting an excellent job), I mentioned my buddy to the receptionist and he or she asked me to apply again. I obtained the job the next few days. As it happens that she had a crush on him or her and knowing someone 'on the inside' was all that I needed. Twice majoring, my honor's GPA, my bachelor's degree... all of it meant nothing. I just necessary to know the right person. Seems at the company for close to 8 years now and also have gradually moved up. This is a far cry from the handbook labor job I was told I was suitable for, soldering chips on to computer boards standing on my feet all day. Our current job also utilizes opportunity hoarding by picking and choosing who gets advanced training and accreditations, such as Lean Six Sigma, business analyst programs, firmware rollout test periods, and project committees. Individuals the public secret would simply send out the info to their friends first, and then everyone else after the sessions are 'full'. Internships received to the children of business acquaintances and their weekly 'reviews' comprised of reflecting after mutually enjoyed vacation spots and talking about the attorneys they both knew and who had gotten out of the most ridiculous legal jam. At the conclusion of the meeting, after the intern proves that they're of the same ilk, he or the lady would be given exemplary marks.
I can't say that it's all bad because I do enjoy quite a few advantages of where I'm at. My associates are aware of taxes breaks that mother and father never did, and no-one ever before told them about, i enjoy on a annually basis. I have a job that has both paid maternity and parentage; consanguinity leave for up to three months that allows for that crucial bonding with a new child. I actually have ample vacation time that's exceptionally flexible that allows for me to attend PTA meetings, medical visits, sporting events, and other things for my children. That's something that lower income people aren't given. And it most definitely plays a role in the gap between more affluent children that will inevitably become a chasm when could possibly be adults.
I guess the moral of my review is that I had to get LUCKY to get where I'm at. My education was almost irrelevant. Statistically due to my socioeconomic upbringing and ethnicity, I really should not be anyplace near where I'm at. Discriminatory housing and employing practices, schools with no place near enough resources, uneven policing, and a damaged justice system set up a net that is often too much for many to make it through. Instead they succumb to its heinous intent. And then you add in the intentional opportunity hoarding of the upper middle class and you have a dismal situation at best. Of course, again, my account is anecdotal and only personal experience, even if it really does support the picture that Reeves has painted. I feel simply one account and that shapes my view, of course it really does, how do it not, but I'm not foolish enough to even start to attempt to reduce the validity of decades of work done by people far more intelligent than me personally. That just doesn't make sense.
A little personal introspection isn't a bad thing. My current position comes with A Large amount of perks. I'd simply be lying if I said it didn't. I know professors, attorneys, self made millionaires, business owners and a whole host of other people. They're part of my network that I actually can rely on and call if I need help or advance. That's an advantage. I won't insult people's intelligence by saying that a possibility.
Please reduce me in making this generally a short memoir, Reeves' book is excellent and is obviously an eye terme conseillé. And if you're searching for a way to give your kids a leg up, this is pretty much one step by step guide to accomplishing this. However, a lot of his readers are top middle class and could possibly be already utilizing this information. It should be provided to people from the lower class so that they have a chance of improving their children's lives. Keeping this information to ourselves would also be another unfortunate form of opportunity hoarding.
We live in a time of 'alternative facts', 'Pizzagate', and statements of 'fake news'... and too many of these unsubstantiated cries are given far more credit than they would have recently been in a sane world. You can't discredit the facts because it does not gel with your world view. You can't discount the information because you choose to believe you succeeded all on your own. You probably did not. And you shouldn't block others from succeeding just because you wish to maintain a position you did not rightfully earn. I received lucky. I shouldn't have had to get lucky. People who work hard deserve to have their efforts rewarded. Reeves is merely telling us to step out of their way. To stop intentionally impeding them. We will be okay. And heavy down, we all know that we will., Typically the disturbing message is that our company is the culprits. We all earn. We vote. We all virtually get out way. Only a few hillbillys catch on and join us. The 1 % are more powerful when it's all about the money. But our votes are still the ultimate weapon, and we are using these to create what we neither wanted or sought. A dangerously course society., This is an informative and compelling look at the growth of income inequality in the US ALL, but it presents only section of the picture. To start with what's new and different in this publication, it looks at income inequality in a different focus. Instead of zeroing on the main one % as so many have done, Reeves focusses on the 19% -- those whose incomes come in between the 80th and the 99th percentile, a group which he describes as the top middle class. The earnings with this group have produced much faster than earnings for the country in general (if less rapidly than the incomes of the 1%). Moreover, income increases have been bolstered and protected by other benefits, personal and social in nature. The tax deduction for mortgage interest and the 529 university savings programs, for example, mostly advantage the upper middle course. The children of the 19%, on average, go to far better schools than most American children, and is much likelier to go to and finish college. This specific is not accidental, Reeves argues. Upper middle course parents are fiercely concentrated on getting their children the best educations possible, by restrictive zoning and legacy admissions as well as by intensive home support. From the compelling discussion, and we -- most readers of this publication are probably members of top of the middle class -- need to recognize that the deck is stacked in our favor.
Yet it's also an unfinished argument. An excellent review of the book in " The Economist" points out the basic problem of focussing on the 19% rather than on the 1%, saying " Since around 2000 the incomes of the top middle class, excluding the top 1%, have not grown by much, and the income premium attained by those with university degrees has plateaued. " Over that period, the income of the 1% has soared: in fact, since 2009, the 1% has copped about 95% of ALL income increases. Politically, focussing on the barriers that top of the middle class has established to guard it's position is an admirable goal. But so is focussing on the massive income gains that the upper class -- if we may so call the 1% -- has wrested from the system. All in all, this publication is well worth reading, but remember that the 19% is merely part of the problem., Packed with interesting data and a vital read for everyone who cares about you about education and the future of humanity., Exciting thesis on downward mobility (or lack thereof) in the USA. Arrived on time from seller, 1 criticism i feel is important. In chapter several, Reeves lays out the things that should change and his first: "REDUCE UNINTENDED PREGNANCIES THROUGH MUCH BETTER CONTRACEPTION" is flawed (in my opinion). The reason is that it places the burden on the woman, also it ignores why these unwanted pregnancies may occur., This book was very informative. Iliked it.
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