BUILDING A NEW MIDDLE CLASS IN THE KNOWLEDGE ECONOMY
HARRY J. HOLZERABSTRACT. In this paper I argue for a new set of pathways to the middle class in the U.S. for those currently left behind in our economy. First I analyze the levels of income and education needed to achieve middle-class status in America, why too few Americans obtain such education levels, and the trends in middle-wage occupational growth where such education would be valued. Then I outline a set of policy goals that would help millions more Americans enter the middle class, along with specific proposals to help get us there.
JEL codes: D83; E24; J24; O15
Keywords: middle class; the U.S.; knowledge economy; education; occupational growth
How to cite: Holzer, Harry J. (2017), “Building a New Middle Class in the Knowledge Economy,” Psychosociological Issues in Human Resource Management 5(2): 96–126.
Received 12 April 2017 • Received in revised form 23 May 2017
Accepted 23 May 2017 • Available online 24 May 2017
doi:10.22381/PIHRM5220174