Tag Archives: employment

The fading American dream: Economic mobility has nearly halved since 1940

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Credit: Carla Schaffer / AAAS The probability for children to attain a higher income than their parents has dropped dramatically – from more than 90% for children born in 1940 to 50% for children born in the 1980s – according to a new study analyzing U.S. data. Results reveal that restoring economic mobility would require, in part, more equal economic redistribution. The "American Dream" promises that hard work and opportunity will lead to a better life, and that even those born to low-income families can "rise above the ranks" with sufficient effort. Despite much interest in economic mobility, however, […]

The fading American dream: Economic mobility has nearly halved since 1940

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IMAGE: An infographic conveying results by Chetty et al ., which reveal that the probability for children to attain a higher income than their parents has dropped dramatically — from more than… view more Credit: Carla Schaffer / AAAS The probability for children to attain a higher income than their parents has dropped dramatically – from more than 90% for children born in 1940 to 50% for children born in the 1980s – according to a new study analyzing U.S. data. Results reveal that restoring economic mobility would require, in part, more equal economic redistribution. The "American Dream" promises […]

The concept of “fissure” explains a lot of what’s wrong with the economy


There was a time if you looked around your office everyone was an employee of the company’s whose name was on the door. Now, odds are the person you call for tech support, the person at the front desk, and the cleaning staff all work for someone else, namely a firm that supplies contractors to companies like yours. This is known as workplace fissure.

Research by economists Larry Katz and Alan Krueger has explored the trends in alternative work arrangements like these (pdf). They estimate that non-standard employment (gig work, temp work, contractors) accounted for a around 10% of American […]

How Child Care Enriches Mothers, and Especially the Sons They Raise


Jasmin Cross trying to study while her sons, Sebastian and Vyvyan, played in their home in Portland, Ore. She attends a community college and their father works full time, which she said they could not do without free child care through Head Start. As many American parents know, hiring care for young children during the workday is punishingly expensive, costing the typical family about a third of its income.

Helping parents pay for that care would be expensive for society, too. Yet recent studies show that of any policy aimed to help struggling families, aid for high-quality care has the […]

Colby ’20: Internship inequities


The conclusion of spring semester is, for many, a joyous moment. For others it signals an impending deadline to find a summer internship. Even with this deadline mere weeks away, for many Brown students, summer internship prospects remain uncertain. The emphasis that recruiters place upon experience gained through internships means that the hunt for such opportunities begins as early as freshman year. After all, students who begin looking for jobs as seniors will have a tougher time than students who have significant experience under their belts by the time they graduate. But, as it turns out, there are substantial […]

9 things that are harder to get into than Stanford

Stanford University

You might be surprised to learn that these things are harder to get into than Stanford. Stanford University’s acceptance rate remained extremely low for the class of 2021, with 4.7% of applicants accepted into the prestigious California-based school.

That means Stanford is the most selective college in the US, beating out all Ivy League institutions.

But while getting into Stanford might seem like a nearly impossible task, many other achievements in life — like acceptance into some elementary schools — are more difficult than earning a spot within the school’s prestigious walls.Read below to see nine things that are harder to […]

Young Americans aren’t moving like they used to

Americans instinctively know that sometimes, in order to move up, you have to move out. And moving from one place to another has long been a key element of upward mobility in the nation. Until now.

Today, few cities in the country combine economic dynamism with affordability. New trends, meanwhile, demonstrate that while some people are still moving, their reasons aren’t what they used to be.

Throughout history, brave citizens have left the familiar behind for a new home offering a blend of economic opportunity, affordability and quality of life. The Census Bureau’s latest metropolitan population estimates , released March 23, […]

Managing migration for equitable development

Illustration: Jayachandran/Mint

Livemint Illustration: Jayachandran/Mint It is no coincidence that in F. Scott Fitzgerald’s magnum opus on the American dream, The Great Gatsby , just about every major character is a migrant in 1920s New York—the narrator Nick Carraway is from Minnesota, his neighbour Jay Gatsby from North Dakota, Gatsby’s former girlfriend Daisy Buchanan is from Kentucky and her husband Tom from Chicago. Migration has been the cornerstone of the American way of life; people’s ability to pack up and move brought dynamism to the US economy, ensuring that the right people could be matched with the right jobs at the […]

Economic Mobility of Undergraduates

Background

The New York Times has published a series of articles1 leveraging data produced by The Equality of

Opportunity Project – a collaboration among researchers at UC Berkeley, Brown, Stanford and the USTreasury. This study sought to determine which colleges contributed most toward helping their studentsclimb the income ladder. The researchers defined economic mobility as graduates moving over timefrom a lower rung in the income distribution to a higher one. As shown in Table 1, for children born in1980, if their family was earning $25,300 or less, that would put them in the bottom one-fifth of theincome distribution. At age 34, […]

Young Americans aren’t moving like they used to: Column

XXX SILICON-PERKS-18.JPG USA CA

Too much urban growth is fueled by retirees, not scrappy citizens seeking a better future.

(Photo: Jessica Brandi Lifland, for USA TODAY) Americans instinctively know that sometimes, in order to move up, you have to move out. And moving from one place to another has long been a key element of upward mobility in the nation. Until now.

Today, few cities in the country combine economic dynamism with affordability. New trends, meanwhile, demonstrate that while some people are still moving, their reasons aren’t what they used to be.Throughout history, brave citizens have left the familiar behind for a new home […]