Are We Worse Off Than in 1973?

Tyler Cowen has a new book out, called The Great Stagnation. It is reviewed by anti-immigration pundit Steve Sailer. Cowen and Sailer make a familiar argument, which is that while the rich are getting richer, ordinary Americans have experienced no improvement in their standard of living since 1973, and perhaps even a detritions (1973 is [...]
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