February 26, 2014
Canada Kills Horatio Alger
Christopher Flavelle, Bloomberg
The Associated Press
Don't throw yourself off the balcony just yet: The government in question is Canadian, and the economic picture it looked at is Canada's from 1993 to 2007. But that picture -- almost no growth in real median wages, leaving the average household with "an increasingly smaller share" of economic output for the foreseeable future -- isn’t much different from what's happening in the U.S.