Sandel (and Loury) need to take a deeper dive into the statistics that contradict his thesis of the widening inequalities of recent decades". Check out John Cochrane's post on The Myth of American Inequality", at the following URL. Basically, the Standard Narrative says that things are getting worse over time, and people are stuck in their income bins. Neither is true. Actual income, after transfers, and properly accounting for inflation -- has not been stagnating or declining over time. One reason is, again, the simple failure to account for the enormous increase in transfers. This should be discussed with Glenn Loury who as an economist will appreciate the analysis and graphs of this piece:
Sandel (and Loury) need to take a deeper dive into the statistics that contradict his thesis of the widening inequalities of recent decades". Check out John Cochrane's post on The Myth of American Inequality", at the following URL. Basically, the Standard Narrative says that things are getting worse over time, and people are stuck in their income bins. Neither is true. Actual income, after transfers, and properly accounting for inflation -- has not been stagnating or declining over time. One reason is, again, the simple failure to account for the enormous increase in transfers. This should be discussed with Glenn Loury who as an economist will appreciate the analysis and graphs of this piece:
https://johnhcochrane.blogspot.com/2022/12/calomiris-on-gramm-ekelund-and-early-on.html#more