The economic crash of 2008 has deep roots. Since 1973 the rewards of work have been shrinking for most of us. The United States is well on the way to losing its entire middle class, becoming a country of rich and very rich in one camp and common people struggling with distress in the other. Yet, as the saying goes, things change. No Rich, No Poor explains how we got to this condition and why a program of common prosperity is the historical task of our time. Author Charles Andrews previously wrote Profit Fever, reporting on the single payer movement for health reform in California.

Capitalism today is a hollow colossus. This book investigates how the triumphal years after World War Two turned into decline and degradation, explaining why the real wage of the average worker peaked in 1973, why there has been no major economic or social welfare reform in the U. S. for forty years, and why technology keeps advancing but conditions of work and life get worse. Marshaling political economy, the sociology of work, and the history of technology, the book presents a richly detailed analysis of new contradictions in post-industrial capitalist accumulation. Author Charles Andrews...

Capitalism today is a hollow colossus. This book investigates how the triumphal years after World War Two turned into decline and degradation, explaining why the real wage of the average worker peaked in 1973, why there has been no major economic or social welfare reform in the U. S. for forty years, and why technology keeps advancing but conditions of work and life get worse. Marshaling political economy, the sociology of work, and the history of technology, the book presents a richly detailed analysis of new contradictions in post-industrial capitalist accumulation. Author Charles Andrews...