It may turn out that the widespread belief that most Americans’ incomes have stagnated for years is, well, false or at least overstated.
Say what?
No doubt, many Americans feel that, except for the rich and segments of the upper middle class, they’ve been treading water economically for years. To take a prominent piece of evidence: In 2015, the average “real” (inflation-adjusted) wage of workers was about $21 an hour, almost exactly what it was in 1975.
That’s nearly half a century without a wage increase!
Or is it?
In a provocative new study, economist Bruce Sacerdote of Dartmouth College…


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