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Has economic progress in America been shared widely or captured by only the rich? The standard story of stagnating wages takes snapshots of one set of people in the past and compares them to an entirely different set of people in the present. But when you follow the same people over time, it becomes clear that the poor and the middle class are prospering, often gaining more than the richest Americans. For additional studies on these issues plus more information on the studies mentioned, see Russ's essay: “Do the Rich Get All the Gains from Economic Growth?” Available here: https://bit.ly/2VUCUjf For more, click here: http://bit.ly/NumbersGame3 Additional Sources: Russ Roberts hosts EconTalk with guest Richard Burkhauser of Cornell University and talks about the state of the middle class, available here: http://bit.ly/2x3Seuw Read “What Do Economists Actually Know?” by Russ Roberts, available here: http://bit.ly/2yvCQbF Russ Roberts talks with Gabriel Zucman of the University of California - Berkeley in this EconTalk about his research on inequality and the distribution of income in the United States over the last 35 years, available here: http://bit.ly/2xN5gkh Referenced in the video: Read “The American Economy Is Rigged” by Joseph Stiglitz, available here: https://bit.ly/2NLUrCm Read “On Income Stagnation” by Paul Krugman, available here: https://nyti.ms/2GoLYmV Read “Our Broken Economy, in One Simple Chart” by David Leonhardt, available here: https://nyti.ms/2vzE1be Read the study “Getting Ahead Or Losing Ground: Economic Mobility In America” by Julia B. Isaacs, Isabel V. Sawhill, And Ron Haskins, available here: https://brook.gs/2VeiT78 Read “New Perspectives on Income Mobility and Inequality” by Gerald Auten, Geoffrey Gee, and Nicholas Turner in the National Tax Journal, available here: https://www.ntanet.org/NTJ/66/4/ntj-v... Read the study “Growth, Inequality and Absolute Mobility in the United States, 1962-2014” by Yonatan Berman. Available here: https://bit.ly/2UsKWLz Visit https://www.policyed.org/ to learn more. Subscribe to PolicyEd's YouTube channel: http://bit.ly/PolicyEdSub Follow PolicyEd on Twitter: http://bit.ly/PolicyEdTwit Follow PolicyEd on Instagram: http://bit.ly/PolicyEdInsta