Donald Boudreaux, Joel Ernes, Hugh MacIntyre and Charles Lammam have an interesting new report out for Canada’s Fraser Institute that confirms “…the myth of middle-class stagnation is just that: a myth.”
“If it is true that over the previous thirty or forty years the ma terial welfare of ordinary Canadians has remained stagnant, then this would indeed be a troubling state of affairs. But despite being incessantly repeated as if its truth were incontestable, the assertion of middle-class stagnation is a myth.
“Like all widely accepted myths, this myth rests on superficially plausible foundations. Some data for Canada do tell a tale of stagnation or even decline. The inflation-adjusted median income of Canadian families before taxes was 7.0 percent lower in 2011 than it was in 1976. It’s easy to conclude from such a statistic that, over the past several decades, middle-class Canadians have indeed not gained economically.”
Why can't we emulate public policies that work instead of the things we are doing?
Watch Fraser's brief video about the paper below.
