During the last two decades, the top one percent of U.S. earners captured more than 40 percent of the country's total earnings growth, one of the largest shifts any society has endured without a revolution or military defeat. Robert H. Frank and Philip J. Cook argue that behind this shift lies the spread of "winner-take-all markets"markets in which small differences in performance give rise to enormous differences in reward. Long familiar in sports and entertainment, this payoff pattern has increasingly permeated law, finance, fashion, publishing, and other fields. The result: in addition to the growing gap between rich and poor, we see important professions like teaching and engineering in aching need of more talent. This relentless emphasis on coming out on topthe best-selling book, the blockbuster film, the Super Bowl winnerhas molded our discourse in ways that many find deeply troubling.
During the last two decades, the top one percent of U.S. earners captured more than 40 percent of the country's total earnings growth, one of the largest shifts any society has endured without a revolution or military defeat. Robert H. Frank and Philip J. Cook argue that behind this shift lies the spread of "winner-take-all markets"markets in which small differences in performance give rise to enormous differences in reward. Long familiar in sports and entertainment, this payoff pattern has increasingly permeated law, finance, fashion, publishing, and other fields. The result: in addition to the growing gap between rich and poor, we see important professions like teaching and engineering in aching need of more talent. This relentless emphasis on coming out on topthe best-selling book, the blockbuster film, the Super Bowl winnerhas molded our discourse in ways that many find deeply troubling.
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The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us
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The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us
288Paperback(Reprint)
Product Details
ISBN-13: | 9780140259957 |
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Publisher: | Penguin Publishing Group |
Publication date: | 09/01/1996 |
Edition description: | Reprint |
Pages: | 288 |
Product dimensions: | 5.45(w) x 8.38(h) x 0.64(d) |
Age Range: | 18 Years |