Wednesday, January 18, 2012

U.S. no longer 'land of opportunity'

I missed this one earlier but fortunately stumbled across it today.

Less equality, less mobility than in other countries, including "socialist" Europe. Is the American Dream dead?

By Jason DeParle
January 4, 2012 | New York Times

Benjamin Franklin did it. Henry Ford did it. And American life is built on the faith that others can do it, too: rise from humble origins to economic heights. "Movin' on up," George Jefferson-style, is not only a sitcom song but a civil religion.

But many researchers have reached a conclusion that turns conventional wisdom on its head: Americans enjoy less economic mobility than their peers in Canada and much of Western Europe. The mobility gap has been widely discussed in academic circles, but a sour season of mass unemployment and street protests has moved the discussion toward center stage.


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