M. Anthony Mills, City Journal
The United States is enjoying its lowest level of jobless claims since 1969, and the Labor Department indicates a reversal in the long-term trends of sluggish productivity and slow wage growth for middle-class workers. And yet, a long shadow lingers over the country’s otherwise bright economic outlook. It’s not a shadow cast by the trade war, volatile stocks, diminished labor-force participation, or inequality, but rather by low social capital—that is, the interpersonal relationships that generate reciprocity and a shared sense of community, and that play an important role in a healthy economy. Read more here....
by David R. Henderson via Defining Ideas
How should poor people climb the ladder to economic success?
The Numbers Game: How Is The Middle Class Doing?
by Russell Roberts via PolicyEd
Is it true that the wages for those in the middle class have been stagnant since the 1970s? Watch the 1st video in the new animated series The Numbers Game, in which Hoover Research Fellow Russ Roberts discusses the challenges of accurately measuring and understanding the economy and economic policy.