Michael R. Strain's The American Dream Is Not Dead

2 Pages Posted: 9 Jul 2020

See all articles by William J. Luther

William J. Luther

Florida Atlantic University; American Institute for Economic Research

Date Written: June 15, 2020

Abstract

It is common to hear that working-class wages have stagnated; that many prime-age workers today are worse off than their parents were; and that the economy is rigged for all but those at the very top. In a new book titled The American Dream Is Not Dead (But Populism Could Kill It), Michael R. Strain provides a much-needed corrective. He shows that living standards have not stagnated in America. To the contrary, most prime-age workers today are better off than their parents were. There are real economic and social problems, which policymakers should address. But the economy is not rigged for all but those at the very top.

Keywords: economic growth, labor, wages, mobility, inequality, public policy

JEL Classification: A22, A29, J38, J62, J68

Suggested Citation

Luther, William J., Michael R. Strain's The American Dream Is Not Dead (June 15, 2020). AIER Sound Money Project Working Paper No. 2020-18, Available at SSRN: https://ssrn.com/abstract=3627792 or http://dx.doi.org/10.2139/ssrn.3627792

William J. Luther (Contact Author)

Florida Atlantic University ( email )

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HOME PAGE: http://www.wluther.com

American Institute for Economic Research ( email )

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Great Barrington, MA 01230
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HOME PAGE: http://www.aier.org/staff/william-j-luther

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