Open to Debate Is the American Dream in Decline?
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Jan 19, 2024 The podcast debates the decline of the American Dream, with arguments about healthcare, education, and housing costs affecting financial stability. Speakers discuss the presence of mobility versus the decline in progress and rising inequality. The conversation also explores healthcare affordability, life expectancy, wage growth, political organization for revival, immigration impact, and a hopeful outlook for the future.
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Shifting Economic Perspectives
- David Leonhardt's views on the economy evolved since 2000.
- He finds the "neoliberal order" less persuasive now than he did then.
Declining Progress
- The American Dream, coined in 1931 by James Truslow Adams, signifies progress for all citizens.
- Leonhardt argues this progress has slowed, citing weaker wage gains since 1980.
Economic Mobility
- Michael Strain believes the American Dream's core is economic mobility.
- He cites broad progress over the last 30 years, including wage growth and improved quality of life.