Income Mobility and Inequality
Gabriel Zucman and Russ Roberts discuss the stagnation of wages for working class Americans and the lack of mobility in and out of the bottom 50% of income distribution. They explore the impact of low skilled immigration on average wage levels and challenge the standard finding that the median person in the bottom 50% is making no progress. Zucman presents research that shows significant income growth for the poorest people over a 20-year period, highlighting the need for further study on changes in income and lifetime inequality.In this clip
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EconTalk
Gabriel Zucman on Inequality, Growth, and Distributional National Accounts
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