The expectation that children born in the United States will do better than their parents is the bedrock of the American dream. Rates of upward income mobility have fallen sharply in recent decades, however, and in some areas they are close to zero.
According to recent research on intergenerational mobility, the percentage of children who grow up to earn more than their parents is down from approximately 90% of children born in 1940, to 50% of children born in the 1980s.
Economic research organization The Equality of Opportunity Project considered average incomes of 26-year olds raised in the bottom quartile in […]
View Original: Counties Where the American Dream Is Dead
Right now there is a lot of talk about allowing more geographic mobility to enable more economic mobility–in other words, easing immigration restrictions. There is powerful evidence that enabling more migration ( internal and external ) would be a powerful tool to fight global poverty.
But there is a different kind of geographic and economic mobility that is worth thinking about–the geographic and economic immobility of cash.
A just-for-fun project to track the movement of specific dollar bills as they move from place to place and person to person has yielded very interesting data on this issue in the United States. […]
View Original: Payments, Cash and Geographic & Economic Mobility
Advertise With Us Previous eras saw populations fleeing urban centres — now they’re coming back
David Paul Morris / Bloomberg files In The New Urban Crisis Richard Florida, an American University professor and current director of the Martin Prosperity Institute at the University of Toronto, compellingly and convincingly defines the problems facing today’s cities and their suburban counterparts.During the "old" urban crisis of the 1960s and 1970s, the suburban exodus left city centres hollowed out, poor and crime-ridden. Now, according to Florida, we face the "new" crisis in which the technology, knowledge and creative workers are returning and […]
View Original: Crisis in reverse
In 2017, there can be no doubt that North Carolina is one of the most hostile states in America to labor unions. In a time in which corporate greed already reigns supreme and corporate-sponsored politicians have been waging an unrelenting and frequently successful war on working people and their families, generally, the union movement in North Carolina is a small and beleaguered cause. Though it is often enormously creative, plucky, and determined and doing great things for all working people in the state (not just the tiny fragment of the workforce it represents officially), the North Carolina union movement […]
View Original: From the departments of overkill and “what are they afraid of?”: Lawmakers advance anti-union constitutional amendment
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 […]
View Original: Colby ’20: Internship inequities
This fundamental paradox – that today is a good time and a challenging time to be a young person in America – is at the heart of Our Work.
Many young people are better off than ever before in America. High school graduation is at an all-time high, and teen pregnancy is at a historic low. More young children are in preschool, and fewer teens are using drugs and alcohol. More young people are graduating college, and fewer young people are in prison. But many young people still face enormous challenges. Just over 12 percent of youth are not in […]
View Original: The American Dream is both real and at risk.
Australian Attitudes Towards Wealth Inequality and Progressive . 25 Jul 2015 . This article reviews and analyses the evidence on the distribution of income and wealth in Australia since the 1960s. A number of scholars … Inequality in Australia: A nation divided – Australian Council of Social . 22 May 2015 . Aussie income equality better than the US and UK, but a lot worse than most of Europe. Photo: Photo: Shutterstock. Australia is a lot less equal … Rich getting richer, wealth gap increasing: ACOSS report – ABC . 22 Jun 2015 . More than one-third of Australia […]
View Original: Economic Inequality In Australia | myzitacy.ru
A new national study on how colleges shape students’ prospects of upward economic mobility indicates that graduates of East Central Community College in Decatur are getting a high return on their tuition investment over their lifetimes.
The study, “Mobility Report Cards: The Role of Colleges in Intergenerational Mobility,” was conducted by the Equality of Opportunity Project and analyzed the role of colleges in upward income mobility by developing mobility report cards for each two-year and four-year college in the United States The mobility report cards estimate students’ earnings in their early 30s and their parents’ income. The study used publicly […]
View Original: National Study Shows ECCC Graduates Rank High in Economic Mobility
The facts are clear: a college education strongly affects whether Americans can make the climb up the income ladder. Data covering the last four decades show that adults who have degrees from two-year or four-year colleges have far higher family incomes than do adults who have only a high school degree or are high school dropouts. Further, income has grown steadily over time for those with college degrees while remaining stagnant or declining for those with a high school education or less. Previous Economic Mobility Project findings showed that adult children from poor and low-income families who […]
View Original: Promoting Economic Mobility by Increasing Postsecondary Education
It is a common promise made to the next generation. “If you work hard, and do the right thing, you will be able to get on in life.” I believe that it is a promise that we have no capacity to fulfil. And that’s because its underlying assumptions must be revisited.
Imagine a life living in quads. You attend a highly prestigious school in which you dash from one quad to the next for your classes. You then continue on to yet another prestigious institution for your tertiary education, say Oxford or Cambridge University, and yet more quads with manicured […]
View Original: Telling children ‘hard work gets you to the top’ is simply a lie