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Abstract
The “New Middle Class Compact” is based on a longer paper we released earlier in the year called “The New Rules Economy,” in which we argued that middle class anxiety is rooted in the uncertainty of change brought about by advances in technology and accelerating globalization.
Description
Middle class anxiety is rooted in the uncertainty of change brought about by advances in technology and accelerating globalization. We see the middle class as being forced to figure out, cope, and prosper on their own amidst these vast changes. Conservatives tell the middle class not to worry and that they should put their faith in the markets to sort out winners and losers. Many progressives, on the other hand, tell them the opposite—to worry. They warn of the dire consequences of change and promise to turn back the clock or cushion the blow.
Instead, we talk about steering change and not being steered by it; about making globalization work for America and Americans. And we offer a series of ideas that address change and help average people succeed.