By Liam Hysjulien
In a study last year by Professors Dan Ariely and Micahel L. Norton aptly titled “Building A Better America—One Wealth Quintile At A Time,” we learned that Americans have little concept of the median income in this country or the gross disparity between income levels. Television pundits, the new class of often factless “experts,” lament the growing sentiment of “class envy” or the vitriolic “class warfare” spreading across our cultural landscape. These same experts woefully ignore the simple facts that wages have remained largely stagnant over the last three decades, while the prices of basic goods have steadily risen (although the current recession slowed this price increase). READ MORE









