The ‘Disappearing’ American Middle Class

by Don Boudreaux on April 17, 2016

in Inequality, Myths and Fallacies

HT to Michael York for alerting me to this Money Illusion post by Scott Sumner – a post that contains this graph:


Relatedly: below it is a screen-shot of a slide in one of my PowerPoint presentations:

Screen Shot 2016-04-17 at 1.08.15 PM

UPDATE: Ike Pigott, in the comments, sends along this “in motion” version of the graph from Scott Sumner’s post that I share above.


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