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The Haves and Have-Nots

Posted By Russ Roberts On January 8, 2007 @ 11:45 am In Standard of Living | Comments Disabled

The Haves: Almost every living American born after 1920

The Have-Nots: Almost anyone born anywhere before 1920.

As David Henderson once pointed out to me, if you consider the universe of people ever born, even a poor person in America today lives better than most people who have ever lived, putting almost all living Americans’ standard of living in the top 1%.

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