The Illusion of Prosperity: Why Economic Growth Hasn't Reached Everyone
The Illusion of Prosperity delves into the paradox of modern American prosperity, where economic indicators like GDP growth and stock market highs create a fa ade of success, even as many Americans face financial insecurity and rising costs. This book examines the factors contributing to this disparity, exploring how stagnant wages, escalating living expenses, the decline of labor protections, and the growing wealth gap have prevented prosperity from reaching the majority of households.
The book addresses how issues like debt, the housing crisis, healthcare costs, and the gig economy perpetuate financial strain, especially among middle- and lower-income families. It also critiques reliance on traditional economic metrics like GDP, which fail to measure well-being or account for rising inequality. Chapters explore the role of public policy in widening economic divides, the effects of globalization and automation on job stability, and the influence of corporate interests over worker rights.
To bridge the gap between economic growth and widespread prosperity, the book proposes a vision for inclusive growth, prioritizing access to quality healthcare, education, housing, and meaningful work. It advocates for policy reforms that address the root causes of inequality and support a sustainable and resilient economy.
Ultimately, The Illusion of Prosperity calls for a redefinition of prosperity-one that focuses on well-being, community, and sustainability. By embracing a more holistic vision of success, we can build an economy that supports not only growth but also the security and quality of life for all citizens.
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