Capitalism today is a hollow colossus. This book investigates how the triumphal years after World War Two turned into decline and degradation, explaining why the real wage of the average worker peaked in 1973, why there has been no major economic or social welfare reform in the U. S. for forty years, and why technology keeps advancing but conditions of work and life get worse. Marshaling political economy, the sociology of work, and the history of technology, the book presents a richly detailed analysis of new contradictions in post-industrial capitalist accumulation. Author Charles Andrews previously wrote No Rich, No Poor.