Center for American Progress

The Big Squeeze: Tough Times for the American Worker
Press Release

The Big Squeeze: Tough Times for the American Worker

Featured Speaker: Steven Greenhouse, The New York Times

Featured Panelists: Stewart Acuff, Organizing Director, AFL-CIO Gerald Seib, Assistant Managing Editor and Executive Washington Editor, The Wall Street Journal Ruy Teixeira, Senior Fellow, Center for American Progress and The Century Foundation

Moderated by: Gene Sperling, Senior Fellow, Center for American Progress

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In his new book, The Big Squeeze: Tough Times for the American Worker, Steven Greenhouse of the The New York Times takes a fresh, probing, and often shocking look at the stresses and strains faced by tens of millions of American workers as wages have stagnated, health and pension benefits have grown stingier, and job security has shriveled. Greenhouse goes behind the scenes to tell the stories of software engineers in Seattle, hotel housekeepers in Chicago, call center workers in New York, and janitors in Houston, as he explores why, in the world’s most affluent nation, so many corporations are intent on squeezing their workers dry. Greenhouse finds that the post–World War II social contract that helped build the world’s largest and most prosperous middle class has been replaced by a startling contradiction: corporate profits, economic growth, and worker productivity have grown strongly while worker pay has languished and Americans face ever-greater pressures to work harder and longer.

Please join CAP Senior Fellow Gene Sperling for an informative and lively discussion on the shrinking and stressed American middle class with Greenhouse, Stewart Acuff of the AFL-CIO, Gerald Seib of the Wall Street Journal, and Ruy Teixeira of CAP and the Century Foundation.

Tuesday, May 06, 2008 Program: 12:30pm to 2:00pm Admission is free.

A light lunch will be served.

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Nearest Metro: Blue/Orange Line to McPherson Square or Red Line to Metro Center