By John Goodman
The implicit assumption is that income limits our ability to enjoy life. But that turns out not to be true.
Myth No 1: Income for the average family has stagnated over the past 30 years.
Myth No. 2: People at the bottom of the income ladder are there through no fault of their own.
Myth No. 3: Government transfer programs, like unemployment insurance, are an effective remedy.
Myth No 4: Raising the minimum wage is an effective remedy.
Myth No. 5: Income is the best measure of wellbeing.
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