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Unformatted text preview: Hourglass Economy-The United States economy is starting to resemble an hourglass. The rich are getting richer while the middle class is starting to disappear and the poor class is increasing in size. The middle is diminishing due to globalization and the development of technology. The rich people are at an advantage because they are benefiting disproportionately from multiple gains in trade and from tax accommodations that work in their favor. I find the hourglass description to be a very interesting way to view the American economy because to me it is a legitimate analogy. The hourglass economy plays a role in planning, policy and public health because clearly some of the current policies that are in place need to be revised. There needs to be new policies in place that preserve certain jobs so that it will not cause the middle class to shrink drastically. Every class plays a particular role in our society; with out the middle class and a larger low class, there will be an even wider gap between the rich and poor....
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This note was uploaded on 12/30/2011 for the course PLANNING & 10:832:101 taught by Professor Zitcher during the Fall '11 term at Rutgers.
- Fall '11