"Economic mobility - the quintessentially American idea (ideal, really) that any one, no matter how humble their origins, can become wealthy - has taken some terrible hits in the last few years. Writing in *The New Republic *http://www.tnr.com/article/politics/magazine/100516/inequality-mobility-economy-america-recession-divergence *, *Timothy Noah notes that income heritability ("a measure of how determinative one generation’s relative income status - what we used to call ‘station in life’ - will be of the next generation’s relative income status') is much higher in the U.S. than in many of the countries that people once emigrated to America from, in search of greater opportunities. “Mobility in the United States has fallen dramatically behind mobility in other comparably developed democracies," he writes."
click here for the complete article, which included very useful charts:
* http://www.theatlanticcities.com/jobs-and-economy/2012/05/what-matters-econo... *
Rutgers is an equal access/equal opportunity institution. Individuals with disabilities are encouraged to direct suggestions, comments, or complaints concerning any accessibility issues with Rutgers websites to firstname.lastname@example.org or complete the Report Accessibility Barrier / Provide Feedback form.
Copyright ©2021, Rutgers, The State University of New Jersey. All rights reserved. Contact Webmaster