Gabriel Zucman on Inequality, Growth, and Distributional National Accounts
EconTalk
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The Micro Economic Growth Rate of the United States
Average income has increased 60 % since 19 80, that's equivalent to an annual real growth rate one point four% per year. For the vast, vast majority of the population, the the growth that they've experienced has been much less than one point four%. It's only for the top 12 % that income has grown at above one point four%; and among that group, you see high gross rates of three, four, five percent.
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