January 23, 2014
WAIT...THAT DOESN'T FIT THE RHETORIC...:
Upward Mobility Has Not Declined, Study Says (DAVID LEONHARDT, JAN. 23, 2014, NY Times)
The odds of moving up -- or down -- the income ladder in the United States have not changed appreciably in the last 20 years, according to a large new academic study that contradicts politicians in both parties who have claimed that income mobility is falling.Both President Obama and leading Republicans, like Representative Paul Ryan, have argued recently that the odds of climbing the income ladder are lower today than in previous decades. The new study, based on tens of millions of anonymous tax records, finds that the mobility rate has held largely steady in recent decades, although it remains lower than in Canada and in much of Western Europe, where the odds of escaping poverty are higher.
Posted by Orrin Judd at January 23, 2014 5:28 PM
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