What the Real-Wage Pessimists Are Missing

TCS Daily

"Some economists and journalists—I'll call them 'the real-wage pessimists'—have claimed that average real wages have fallen during substantial time periods over the last 30 or so years. Others have claimed that average real wages for the majority of the labor force have fallen during substantial periods over the last 30 years. These are claims that Alan Reynolds takes on in his new book, Income and Wealth." Continue...