December 2, 2014 |
A California economics professor says he’s crunched the numbers, and he has concluded that the American Dream is dead.
Gregory Clark, a researcher at the University of California, Davis, found that social mobility had diminished significantly in the past 100 years, reported KOVR-TV.
“America has no higher rate of social mobility than medieval England or pre-industrial Sweden,” Clark said. “That’s the most difficult part of talking about social mobility, is because it is shattering people’s dreams.”
He said social mobility is little different in the United States than in other countries, where ancestry strongly predicts adult social status.
“The status of your children, your grandchildren, your great-grandchildren, (and) your great-great grandchildren will be quite closely related to your average status now,” Clark said.
Complete story at - Economist: I’ve Crunched the Numbers, and the American Dream Is Dead | Alternet
Whoops! Looks like they did it already...
A California economics professor says he’s crunched the numbers, and he has concluded that the American Dream is dead.
Gregory Clark, a researcher at the University of California, Davis, found that social mobility had diminished significantly in the past 100 years, reported KOVR-TV.
“America has no higher rate of social mobility than medieval England or pre-industrial Sweden,” Clark said. “That’s the most difficult part of talking about social mobility, is because it is shattering people’s dreams.”
He said social mobility is little different in the United States than in other countries, where ancestry strongly predicts adult social status.
“The status of your children, your grandchildren, your great-grandchildren, (and) your great-great grandchildren will be quite closely related to your average status now,” Clark said.
Complete story at - Economist: I’ve Crunched the Numbers, and the American Dream Is Dead | Alternet
Whoops! Looks like they did it already...
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