How Did the World’s Rich Get That Way? Luck

In a recent blog post in Bloomberg Businessweek’s “Small Change,” Charles Kenny discusses income inequality in the United States. He highlights data from a Hamilton paper in the Milken Institute Review focused on trends in earnings and job prospects in America during recent decades. Kenny notes a finding from the paper that median wages of average American men has fallen by $13,000 since 1969. To read the full piece, click here.