JOURNAL ARTICLE

The American Dream Is Alive and Well (and the Problem of U.S. Inequality Greatly Exaggerated)*.

  • Published In: Journal of Applied Corporate Finance, 2024, v. 36, n. 2. P. 36 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Strain, Michael R. 3 of 3

Abstract

The article from the Journal of Applied Corporate Finance challenges the narrative of the decline of the American Dream and highlights that the U.S. economy continues to provide jobs, higher wages, and upward mobility. It refutes claims of stagnant wages for typical workers, emphasizing that wages have increased by 42% since 1990. The text also discusses the changing landscape of middle-wage jobs due to advancing technology and emphasizes the importance of public policy in equipping workers with the necessary skills for the 21st-century economy. Ultimately, the article argues that the American Dream is alive and well, but acknowledges the need for better policies to enhance economic opportunities for low-income and working-class households. [Extracted from the article]

Additional Information

  • Source:Journal of Applied Corporate Finance. 2024/04, Vol. 36, Issue 2, p36
  • Document Type:Article
  • Subject Area:Political Science
  • Publication Date:2024
  • ISSN:1936-8216
  • DOI:10.1111/jacf.12601
  • Accession Number:180521565
  • Copyright Statement:Copyright of Journal of Applied Corporate Finance is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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