The Decline of Manufacturing and Its Impact

This chapter explores the historical decline of manufacturing jobs in the U.S. and its profound effects on middle-class stability and democracy. It examines the transformation of the labor market, discussing the disparities between educational attainment levels and economic outcomes, particularly for those without college degrees. Additionally, it analyzes the complexities of measuring income inequality and the implications of globalization and technological advancements on job prospects for lower-educated workers.