Inequality and stagnation

posted by
February 19, 2012
Cafe Hayek
by Russ Roberts  
Posted in Commentary

"There is now a widely held view that the last 10 or 20 or even 40 years have been a time of great stagnation for the average American. Yes, the overall economy has grown, but all or most or nearly all of the gains have gone to the top 1% or top 10% or top 20%. These claims are accompanied by various data that seem to confirm the claim. These claims conflict with casual evidence available to people over a certain age who remember the 1970s or 1980s." (02/16/12)

http://cafehayek.com/2012/02/inequality-and-stagnation.html  

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