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February 20, 2025

The American Dream Is Not a Coin Flip, and Wages Have Not Stagnated

…David Grusky, Maximilian Hell, Robert Manduca, Jimmy Narang, “The Fading American Dream: Trends in Absolute Income Mobility Since 1940.” Replication files available at https://opportunityinsights.org/data/?geographic_level=0&topic=0&paper_id=546#resource-listing. ‍ These results were the basis for…

October 27, 2023

What Happened to the American Dream?

…from medicine to nuclear power. The recent book by the Reaganite economic writer Jim Pethokoukis, “The Conservative Futurist,” makes an extended version of this argument, tracing our era of stagnation…

August 21, 2023

Four Shocking Truths about the American Economy! (Well, Shocking to Some.)

I recently wrote a brief essay, “Generative AI and Economic Growth,” for Exponential View, the great newsletter by Azeem Azhar. And I knew one particular passage would be sure to raise…