theatlantic | A lot of factors have contributed to
American inequality: slavery, economic policy, technological change, the
power of lobbying, globalization, and so on. In their wake, what’s
left?
That’s the question at the heart of a new book, The Vanishing Middle Class: Prejudice and Power in a Dual Economy,
by Peter Temin, an economist from MIT. Temin argues that, following
decades of growing inequality, America is now left with what is more or
less a two-class system: One small, predominantly white upper class that
wields a disproportionate share of money, power, and political
influence and a much larger, minority-heavy (but still mostly white)
lower class that is all too frequently subject to the first group’s
whims.
Temin identifies two types of workers in what he calls “the
dual economy.” The first are skilled, tech-savvy workers and managers
with college degrees and high salaries who are concentrated heavily in
fields such as finance, technology, and electronics—hence his labeling
it the “FTE sector.” They make up about 20 percent of the roughly 320
million people who live in America. The other group is the low-skilled
workers, which he simply calls the “low-wage sector.” Temin
then divides workers into groups that can trace their family line in
the U.S. back to before 1970 (when productivity growth began to outpace
wage growth) and groups that immigrated later, and notes that race plays
a pretty big role in how both groups fare in the American economy. “In
the group that has been here longer, white Americans dominate both the
FTE sector and the low-wage sector, while African Americans are located
almost entirely in the low-wage sector,” he writes. “In the group of
recent immigrants, Asians predominantly entered the FTE sector, while
Latino immigrants joined African Americans in the low-wage sector.”
After
divvying up workers like this (and perhaps he does so with too broad of
strokes), Temin explains why there are such stark divisions between
them. He focuses on how the construction of class and race, and racial
prejudice, have created a system that keeps members of the lower classes
precisely where they are. He writes that the upper class of FTE
workers, who make up just one-fifth of the population, has strategically
pushed for policies—such as relatively low minimum wages and
business-friendly deregulation—to bolster the economic success of some
groups and not others, largely along racial lines. “The choices made in
the United States include keeping the low-wage sector quiet by mass
incarceration, housing segregation and disenfranchisement,” Temin
writes.
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