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Essay / Research Paper Abstract
This 6 page paper discusses the book, Securing Prosperity by Paul Osterman and compares it to several other leading economic authorities. Bibliography lists 4 sources.
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6 pages (~225 words per page)
File: D0_MBsecpros.rtf
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that our grandparents once had to the reality of what lies before those who live in todays global economy. Paul Osterman, in his book, Securing Prosperity, examines this dynamic, and
offers a glimpse at what the new and improved version of the American Dream might entail. Everywhere one looks dichotomies exist, a yin and yang, if you will. On the
one hand companies appear to be making gargantuan leaps, far outpacing other dominant nations. The United States industries are some of the most productive in the world. And yet, if
one were to ask the average American how they felt about their economic future, many would simply shake their head, a grim look on their face. Given the immense productivity
of big business, the average person is very uneasy about the future. Why is this? Paul Ostermans main proposition and thesis in
his book is that this unease is not without basis. Perhaps without realizing it, the general public senses that the recent prosperity is standing on an old and decaying foundation.
This foundation, which was strong enough to sustain our parents and our grandparents was built on the reassuring postwar labor market. Osterman believes, then, that unless changes are made to
the foundation it will not support the economy for long. Decades later, the idea of being a company man has been replaced
with uncertainty, stagnant wages, and a glutted work force. Osterman states that in our grandparents days, a worker could expect, even take for granted, that they would have a long,
stable job with one company. Accompanying this would be the long, stable paycheck which grew steadily. The reality for their grandchildren was an atmosphere of fear. Layoffs, part time jobs,
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