The head start on success by virtue of being born in America doesn’t reach a large section of the public anymore. The poverty rate has stubbornly stayed over 15% in recent years, and far more stumble into poverty at least at one part of their lives. That’s been particularly true during the Great Recession. What’s worse, social mobility has stunted in America to almost the lowest rate among industrialized nations in the world. It’s not really true anymore that 95% of your life is set for you just by being an American.
|By: David Dayen Thursday September 20, 2012 4:15 pm|
|By: David Dayen Tuesday September 11, 2012 7:00 pm|
The Economic Policy Institute delivers an annual analysis of the “State of Working America,” and this year’s version was released today. In their key findings, they lament the rise of “policy-driven inequality,” a condition that, even when the job market improves, leads to the bulk of our economic growth funneling up to the 1%, while those who can find work cannot get a decent wage.
|By: David Dayen Wednesday September 5, 2012 2:52 pm|
The problem is that this only plays out along the lines of equality of opportunity. You have to work hard, and there’s this myth that hard work will find its reward in a society without barriers. This was the main theme of Michelle Obama’s speech as well.
|By: Monday September 3, 2012 7:15 pm|
For anyone who has wondered why cable journalists Never call out BS to their guests of a certain ignorant ideology, it happens once in a Blue Moon.
|By: David Dayen Thursday January 5, 2012 8:00 pm|
We’ve been talking about income inequality lately, and tied into that is the idea of upward mobility. The United States, in the myths of cock-eyed optimists everywhere, remains the land of opportunity, where everyone can get a fair shot at greatness. But that America hasn’t existed for a while. In fact, as Jason DeParle reports, upward mobility doesn’t really exist in this country anymore.