The mobility gap: What does it mean?

posted by
January 8, 2012
Foundation for Economic Education
by Sheldon Richman  
Posted in Commentary

"'Americans enjoy less economic mobility than their peers in Canada and much of Western Europe.' That’s how the New York Times began a page-one news story yesterday. It is a thoughtful story that offer a variety of explanations -- some of them mitigating -- for the so-called 'mobility gap.' This subject merits attention because we should aspire to live in a society in which someone born in (relative) poverty can work his or her way up to better material circumstances, even if lower-income people are richer than their earlier counterparts." (01/06/12)  

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