Is There a Change in Income in Europe?

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Income has grown much less at the top of the distribution than what we t but as contradicted by a huge and overwhelmingly large set of evidence from tagdate in particular. The decline in the real federal minimum wage since the late teneteen sixties or 19 70, the be decline in the oll of unions, more broadly speaking, d th,. the decline in the bargaining power of labor, a very unequal access to higher education. A order of things i think, i have contributed to the stagnation.

Gabriel Zucman of the University of California, Berkeley talks with EconTalk host Russ Roberts about his research on inequality and the distribution of income in the United States over the last 35 years. Zucman finds that there has been no change in income for the bottom half of the income distribution over this time period with large gains going to the top 1%. The conversation explores the robustness of this result to various assumptions and possible explanations for the findings.