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June 21, 2023
The Bad Math Behind Economic Doomerism
…Cost-of-Thriving Index (COTI). The index takes the combined cost of five essential goods and services—groceries, transportation, housing, health insurance, and higher education—and divides it by the median weekly earnings of…
June 15, 2023
Instead of ‘Late Capitalism,’ Maybe the US Economy Is Still in ‘Early Capitalism’
…LC, at least as it applies to the American economy. This is a big one: According to calculations by AEI economist Michael Strain, real median wages grew by 34 percent from 1990…
June 14, 2023
Better Data Means Better Policy
…index before 2000. Figure 1. Median household income using various inflation measures, United States, 1967-2021 Since all three series are expressed in 2021 dollars, median income is equal to the…