The Two Contradictory Ideas Many Americans Have About the Economy - The Atlantic - 0 views
www.theatlantic.com/...480132
American idea work success inequality economic stagnation wages culture self-determination psychology
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How do people reconcile a belief in individual autonomy with nationwide wage stagnation?
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“Many middle-class wage earners are victims of the economy, and, perhaps, of that great, glowing, irresistible American promise that has been drummed into our heads since birth: Just work hard and you can have it all.”
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This sentiment taunts at two sacred and quintessentially American convictions—that success is self-determined and that advancement is inevitable for anyone with a serious work ethic. According to a 2014 Pew Global Attitudes Study, people in the United States are much more likely to hold these two beliefs than many of their European counterparts.
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Many Americans, then, are holding two contradictory ideas in their mind at once: the optimistic belief that their success is in their hands (on display since Tocqueville’s Democracy in America) and the acknowledgement that wages have been steadily stagnating (on decline since the band America).
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In his story, Gabler concedes that, no matter how illogical and uninformed his financial decisions might have been, he remained seduced by a superseding assumption that he “would always overcome any adversity, should it arrive.”
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“This is the genius and the Achilles’ heel of American culture,” Newman says. “We do have a strong belief in self-determination and agency, even when our expectations fly in the face of reality.”
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Struggling white-collar workers and managers, she says, especially stood out in her research for how likely they were to believe they were the authors of their own fate. “And if your destiny isn’t working out very well,” she says, “you only have yourself to blame,” in their telling.
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part of what makes financial fragility so distressing in the United States is that citizens aren’t afforded the regimen of protections offered by Europe’s wealthier governments.
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“These are social democracies that come to the rescue of people in trouble or are just more generous even if they’re not in trouble,” says Newman. “So the kind of suffering that will happen in a society like that is not one of material deprivation nearly as much as what we call in the trade ‘social exclusion.’”