It should hardly be a surprise that the U.S. has the lowest rate of economic mobility among developed nations. In the absence of countervailing forces, wealthy elites leverage their wealth and power to increase their share of the wealth and power in society, to the disadvantage of those who are at lower economic rungs. Thats also why economic inequality has increased in America as mobility has decreased over the last 30 years, as political and economic philosophies (are those different in America?) that advocate lessened government intervention in the economy have become entrenched. nytimes/2012/01/05/us/harder-for-americans-to-rise-from-lower-rungs.html?pagewanted=all
Posted on: Fri, 28 Nov 2014 21:31:05 +0000
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