A Labor Economist's Perspective on the American Dream, Income Inequality, and Social Mobility

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I sat with the former Chief Economist for the U.S. Department of Labor, Harry Holzer, and professor at the McCourt School of Public Policy Georgetown University, for a discussion over Professor Michael R. Strain's new book, "The American Dream Is Not Dead: (But Populism Could Kill It)." We specifically talked about how both progressives (conservatives) may have overestimated (underestimated) economic stagnation. Whether we should prioritize social mobility over income inequality, and how the period used in any economic analyses greatly shapes our findings, and finally the recent decision by some universities such as USC to eliminate standardized exams from the college admissions process.