Bonus Quotation of the Day…

by Don Boudreaux on January 26, 2023

in Inequality, Seen and Unseen, Standard of Living

… is from page 22 of Eamonn Butler’s 2022 book, An Introduction to Economic Inequality:

Meanwhile, life expectancy has risen markedly, and infant mortality is now a rarity. People work fewer hours and take longer holidays. This is not ‘stagnation’, but a marked improvement that benefits lower earners the most. It narrows the real differences in living standards, but the statistics fail to account for it.

Add a Comment    Share Share    Print    Email

Previous post:

Next post: