A $47 Trillion Dollar Hole in the US Economy — Carter Price, the Rand Corporation — #199

Carter is a co-author of the paper Trends in Income From 1975 to 2018 along with Kathryn A. Edwards. The paper lays out how the average American’s wages would be $50,000 higher if income growth had continued at the same rates as before the period of wage stagnation, tax cuts, and de-unionization that has typified our time period. That $50,000 per worker, per year works out to a total of somewhere around $47 trillion dollars in wealth that has instead gone to high-income earners.

Carter has a Ph.D. in applied mathematics, University of Maryland; M.S. in applied mathematics, University of Maryland; B.A. in mathematics and physics, Hendrix College. 

Cast of Characters: Carter – Publications

Going Further: Time Magazine on Carter and Kathryn’s paper

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