Is the National Income Price Deflater the Best Price Indicator?

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Average income per adult in riral terms has increased only one point four cent perer since 19 eight. Maybe macr economic statistics understate the actual growth rait of the economy, maybe because they pra the price of teis price intea,. Price indices, yes. And they overstate infmation. They don't properly take into account now products.

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.