The “American dream” is rooted on the idea that people can go from “poor” to “not poor” in this country with a can-do attitude and strong work ethic. Although we’ve heard a handful of these “rags to riches” stories, research shows that it ain’t as easy as it used to be. In this series, we … Continue reading Capital and the American Dream
Is the disparity between wage growth and economic growth really something to fret about? In a brief essay, cited by the St. Louis Fed, YiLi Chien and Maria A. Arias, discuss how wage growth has lagged behind economic growth for several decades now and that even the cyclical component of wage isn’t in the mix. … Continue reading Is the supposed wage stagnation something to worry about?