Shared Prosperity: Debunking Pessimistic Claims About Wages, Profits, and Wealth
Publication Date: October 2006
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): James Sherk
Research Area: Economics
Keywords: Economy; wages; wealth
Type: Report
Coverage: United States
Abstract:
Americans throughout society have shared the gains from economic growth. Low- and middle-income families enjoy dramatically improved standards of living, family incomes are well above where they were a generation ago, most Americans enjoy luxuries that only the well-off once could afford, and almost all Americans have better health, education, housing, and consumer goods than they did even a decade ago.
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