social mobility

America, the land of limited opportunity. We must open our eyes to the truth.

More first-rate research from the OECD:  “Economic Policy Reforms: Going for Growth 2010“.  Of special interest to Americans is chapter 5:  “A Family Affair: Intergenerational Social Mobility across OECD Countries“.  Like the massive body of research preceeding it, this contracts one of the key myths about America.  A nation that steers by myth, not reality, …

America, the land of limited opportunity. We must open our eyes to the truth. Read More »

A sad picture of America, but important for us to understand

Looking in the mirror is the first step to growth and reform for an individual and a nation.  Look at this graph.  Compared to other nations we have both a high degree of income inequality AND low social mobility (fathers’ and sons’ incomes are highly correlated).  This has many consequences, none of them good.  Esp …

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