AUSTIN, Tex. — American higher education purports to be a driver of economic and social mobility, and compared to many other countries’ systems, it is. Yet even today, a student whose family is in the top income quintile is five times likelier than a student from the lowest quintile to earn a bachelor’s degree by the age of 24.
That is a problem for several reasons, including that to meet the education-attainment goals that many believe is needed for a vibrant economy — having roughly 60 percent of citizens hold a quality postsecondary credential of some kind — colleges and […]
View Original: Inside Higher Ed Comment Policy
Education gap persists between rich and poor
A tale of two cities.
Evanston’s income inequality translates into classrooms at a higher rate than the rest of Illinois, creating a severe academic divide between different socioeconomic classes.“Income inequality plays out in the college access and college success arena,” executive director of Evanston Scholars Steve Newman says. “There are financial barriers to getting to and through college.”The percentage of households in Evanston with an income of less than $10k and percentage of households with an income of more than $200k both exceed the rate of such households in the rest of Illinois. We […]
View Original: Income inequality
Although university leaders speak frequently about college as a driver of social mobility, opining on the need to expand access to poor and underserved populations, inequality permeates American higher education.
A new book attempts to quantify just how different top colleges are from their less selective peers — and how institutions’ fortunes have changed since the 1970s. That book, Unequal Colleges in the Age of Disparity ( Harvard University Press ), by economist Charles Clotfelter, shows American undergraduate education is less equal today than it was half a century ago. It also explores the many forces contributing to that change.
View Original: Today’s News from Inside Higher Ed
Rags-to-riches stories , like Benjamin Franklin’s , have always captured the American imagination. They feed the narrative of the American Dream—that from humble beginnings, a scrappy, hardworking person can become prosperous, and afford opportunities his or her parents did not have. Through booms and recessions, people have bought into this myth .
The problem is: The American Dream lives and dies at the local level. Stanford* economist Raj Chetty has shown that conditions in our neighborhoods are really what shape our ability to escape poverty and determine if we will fare better than our parents. A new analysis by the […]
View Original: Where the American Dream Lives and Dies
In the classic Ayn Rand novel Atlas Shrugged , the rich go “on strike” – withdrawing their services and disappearing from society in protest against taxes and regulation. Weary of carrying an ungrateful world on their shoulders, business leaders and other top income earners finally shrug, and leave the world without them.
The book’s metaphor inspires political rhetoric to this day: if you tax the rich, they will leave. Variations on the threat are issued by well-off individuals all over the world – not least in the United States, where each state sets its own tax policies, and periodic warnings […]
View Original: If you tax the rich, they won’t leave: US data contradicts millionaires’ threats
The biggest history news stories of the last seven days, including an archaeological study into inequality that has an ominous warning for the present, the revelation that what is now Madrid was once arid savanna, and a rethink on the chronology of the Neanderthals.
Inequality Started with the Rise of Agriculture
New research claims that the rise of economic inequality in human societies can be traced all the way back to the dawn of agriculture.Published in the journal Nature , the research involved academics from fourteen different institutions, and was led by Tim Kohler from Washington State University (WSU). […]
View Original: Inequality’s Deep Roots – The History News of the Week
Many government programs seek to help disadvantaged people families. But how good are we at lifting people permanently out of poverty ?
Modern Australia has a long history of being a land of opportunity for newcomers. Most of the early European settlers were either convicts, domestic servants or labourers whose children enjoyed better lives than their parents had enjoyed.
The 1850’s gold rush brought fortune to many regardless of parental wealth. Post-war Australia has continued to be seen as land of opportunity, still attracting large numbers of migrants seeking to improve life for themselves and their families.The foundations of modern Australia […]
View Original: Moving up: why social mobility matters
America’s surging economic inequality has been blamed for everything from crony capitalism to the displacement of once good-paying jobs by globalization and new technology. But according to a major recent study, the real culprit in both the growing gap between the rich and poor can be traced to the neighborhoods in which we are born and raised.
The study, which expands on the crucial ongoing work of the Harvard sociologist Robert J. Sampson and included in a larger economic mobility report from the St. Louis Fed , examines the rise of neighborhood inequality and its effects on the economic mobility […]
View Original: The Persistent Inequality of Neighborhoods
These are both long-standing Income inequality. Did he use this market dominance to “income inequality in a capitalist system is truly beautiful” because “it provides the Millions of jobs, Did he use this market dominance to “income inequality in a capitalist system is truly beautiful” because “it provides the Millions of jobs, Goal 10—Why Addressing Inequality Matters. Management We would like to show you a description here but the site won’t allow us. And beyond simply attaining a job, the to require more education and more Apr 24, 2017 A surprising number of occupations use linear equations. inequalities example […]
View Original: Jobs that use inequalities
One of the most commonly taught stories American schoolchildren learn is that of Ragged Dick, Horatio Alger’s 19th-century tale of a poor, ambitious teenaged boy in New York City who works hard and eventually secures himself a respectable, middle-class life. This “rags to riches” tale embodies one of America’s most sacred narratives: that no matter who you are, what your parents do, or where you grow up, with enough education and hard work, you too can rise the economic ladder.
A body of research has since emerged to challenge this national story, casting the United States not as a meritocracy […]
View Original: Education Isn’t the Key to a Good Income