Conclusions

Author(s):  
Peter Temin

This book has described how the vanishing middle class has left behind a dual economy as depicted by the Lewis model. The FTE sector makes political choices largely for itself, neglecting the needs of the low-wage sector in order to keep their taxes low. As Lewis observed, the “capitalists” of the FTE sector want to keep wages low in the low-wage sector to provide abundant cheap labor for their businesses....

2020 ◽  
Vol 2 (4) ◽  
pp. 32-54
Author(s):  
Silvia Spitta

Sandra Ramos (b. 1969) is one of the few artists to reflect critically on both sides of the Cuban di-lemma, fully embodying the etymological origins of the word in ancient Greek: di-, meaning twice, and lemma, denoting a form of argument involving a choice between equally unfavorable alternatives. Throughout her works she shines a light on the dilemmas faced by Cubans whether in Cuba or the United States, underlining the bad personal and political choices people face in both countries. During the hard 1990s, while still in Havana, the artist focused on the traumatic one-way journey into exile by thousands, as well as the experience of profound abandonment experienced by those who were left behind on the island. Today she lives in Miami and operates a studio there as well as one in Havana. Her initial disorientation in the USA has morphed into an acerbic representation and critique of the current administration and a deep concern with the environmental collapse we face. A buffoonlike Trumpito has joined el Bobo de Abela and Liborio in her gallery of comic characters derived from the rich Cuban graphic arts tradition where she was formed. While Cuba is now represented as a rotten cake with menacing flies hovering over it ready to pounce, a bombastic Trumpito marches across the world stage, trampling everything underfoot, a dollar sign for a face.


Author(s):  
Peter Temin

This chapter explains the dual economy model, emphasizing Lewis’ assertion that the richer sector tries to keep down earnings in the poorer sector. The modern richer sector is the FTE (finance, technology and electronics) sector, containing twenty percent of the population whose incomes have risen rapidly since 1970. The low-wage sector is much larger, but has experienced stagnant earnings since 1970. The middle class is vanishing, and the American distribution of income looks like a two-humped camel. Transition from the low-wage sector is by education, which the FTE sector makes increasingly difficult by reducing funding for public schools and universities.


1997 ◽  
Vol 26 (1) ◽  
pp. 32-39
Author(s):  
John Gittings

Deng Xiaoping's reforms have changed the face of China: the economy has made epic strides, cities fly the banners of western capitalism, a new middle class aspires to full membership of the consumer society. In the process, political reform got left behind, repression of dissidents is as harsh as ever and a growing gap between rich and poor, town and country, threaten the stability of the Middle Kingdom


Author(s):  
Majid Khan ◽  
Khalid Khan ◽  
Ihsan Ullah Khan

This study measures the economic impacts and constraints of parental imprisonment over the left-behind children in the District Lower Dir in Khyber Pakhtunkhwa, Pakistan. The data is collected through the interview schedule prepared in accordance with the Sekaran table (2003) of the standard sample size using the Chi-square test. The findings of the study show a highly significant association between parental imprisonment and their children having difficulty managed their expenses. Similarly, results show a significant association between parental imprisonment and their children’s interest in cellular phones and luxurious equipment and facilities. Additionally, the analysis shows that due to lack of proper supervision, there is a significant association between parental imprisonment and their children’s misuse of the daily expenses of the household. Likewise, the data shows a highly significant association of these children with a lazy attitude toward income generation for the livelihood of their family. Similarly, the assessment shows a significant association of these children having produced economic needs in an illegal method. Furthermore, a highly significant association is found in children of imprisoned parents having a financial background from the middle class thus waste a lot of money in parties and other gatherings with friends.


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