The issue of living standards is arguably the biggest challenge facing economists and politicians in the United States and the United Kingdom today. The product of a year-long fellowship at Harvard University s Kennedy School of Government, "The Squeezed Middle" brings together leading experts from both sides of the Atlantic to ask what the UK can learn from the US experience of stagnating wages and rising living costs.
American workers have not benefited from growth for an entire generation: adjusting for inflation, the averageAmerican worker today earns as much as the average American...