The Price Of Inequality: How Today's Divided Society Endangers Our Future - Plot & Excerpts
A half decade later, one out of six Americans who would like a full-time job still couldn’t find one; some eight million families had been told to leave their homes, and millions more anticipate seeing foreclosure notices in the not-too-distant future;1 still more saw their lifetime savings seemingly evaporate. Even if some of the green shoots that the optimists kept seeing were, in fact, the harbinger of a real recovery, it would be years—2018 at the earliest—before the economy returned to full employment. By 2012 many, however, had already given up hope: the savings of those who had lost their jobs in 2008 or 2009 had been spent. Unemployment checks had run out. Middle-aged people, once confident of a swift return to the workforce, came to realize they were in fact forcibly retired. Young people, fresh out of college with tens of thousands of dollars in debt, couldn’t find any work at all. People who had moved in with friends and relatives at the start of the crisis had become homeless.
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