There's No Gain

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The bottom 50 % have made no change in their economic well being since 19 80. The bottom 20% has much greater access to a huge range of consumer goods, tori says. "It's hard, hard to understand the claim that there's no gain a fin group when this is a very sophisticated argument"

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.