More on American Inequality and (Lack of) Opportunity

November 17th, 2011

The data is in, again, some more (follow links to related posts, below, for much more): high inequality correlates with low opportunity to climb (or descend) the ladder.

The U.S.? Meritocracy resides elsewhere. (Think: Denmark.)

the United States is among the most unequal and the least mobile of the rich countries, with about 50% of a father’s earnings advantage (or for that matter disadvantage) being passed on to the son.

In Canada this is about 20%, less than half the US figure.

Inequality and Occupy Wall Street 5: decline of the American Dream « milescorak.

Related posts:

  1. Republicans Create Opportunity? Yeah, Right.
  2. Why The Fed Hates Inflation More Than It Hates Unemployment
  3. S&P 500 Earnings: The Most Depressing Graphic I’ve Seen This Year
  4. Say it Ain’t So!
  5. One Place Where Mankiw Makes Absolutely No Sense at All
  1. Olav Martin Kvern
    November 18th, 2011 at 00:55 | #1
    Reply | Quote

    I’d thought that the Presidency of George W. Bush had ended this argument forever?

    Thanks,

    Ole

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