The American Dream Is Alive and Well (and the Problem of U.S. Inequality Greatly Exaggerated)*.

The article from the Journal of Applied Corporate Finance challenges the narrative of the decline of the American Dream and highlights that the U.S. economy continues to provide jobs, higher wages, and upward mobility. It refutes claims of stagnant wages for typical workers, emphasizing that wages have increased by 42% since 1990. The text also discusses the changing landscape of middle-wage jobs due to advancing technology and emphasizes the importance of public policy in equipping workers with the necessary skills for the 21st-century economy. Ultimately, the article argues that the American Dream is alive and well, but acknowledges the need for better policies to enhance economic opportunities for low-income and working-class households. [Extracted from the article]