Myths of Rich and Poor

Myths of Rich and Poor

Why We're Better Off Than We Think

by Michael W. Cox, Richard Alm

272 pages· 2008· ISBN 9780786723911
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Popular wisdom holds that the years since 1973--the end of the "postwar miracle”--have been a time of economic decline and stagnation: lackluster productivity, falling real wages, and lost competitiveness. The rich have gotten richer, the poor have gotten poorer, and most of us have barely held on while watching all the best jobs disappear overseas.As Myths of Rich and Poor demonstrates, this picture is not just wrong, it’s spectacularly wrong. The hard numbers, simple facts, and iconoclastic arguments of this book will change the way you think about the American economy.

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