By Robert Perrucci
In the USA in danger, Robert Perrucci and Carolyn C. Perrucci determine the huge monetary and technological adjustments that experience resulted in the lack of excessive salary jobs, declining chance, and elevated source of revenue and wealth inequality. Taking information from a thirty-year interval, Perrucci and Perrucci follow a severe sociological lens to view the dominant monetary, political, and cultural associations that reason the most social difficulties affecting americans.
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Extra info for America at Risk: The Crisis of Hope, Trust, and Caring
American corporations failed to follow the well-established management approach to competition, loss of market share, and declining profits, like investing in more efficient technology and research and development in support of product innovations. S. multinationals embarked on a thirty-year frenzy of increased foreign investment, mergers and joint ventures with for- 18 Chapter 2 eign firms, plant closings, downsizing the workforce, and outsourcing and offshoring domestic production. 6 billion in 1970 to $30 billion in 1980.
An alternative idea was to encourage the Japanese to build auto plants in the United States and produce cars for the domestic market. The Japanese liked this idea because they feared that Congress might set quotas on imports under pressure from the Big Three and the United Auto Workers union that had experienced major job losses in the auto industry. The Big Three and the UAW liked the idea because they thought this would level the playing field between the Japanese and American auto manufacturers.
A good union job often provided better salaries and benefits than one might get as a primary or secondary schoolteacher or a social worker. For those who wanted college, the choice of going to college after high school was also a more realistic choice, because college education was the main avenue for significant upward mobility, and it was more available in two respects. First, since the number of people with high school diplomas was smaller, and the number seeking college admission was much smaller than today, public colleges and universities did not have the same requirements for admission such as Scholastic Aptitude Test exam scores (SAT), and therefore they relied more on high school performance records.
America at Risk: The Crisis of Hope, Trust, and Caring by Robert Perrucci