Michael R. Strain's The American Dream Is Not Dead
2 Pages Posted: 9 Jul 2020
Date Written: June 15, 2020
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: Suggested Citation