Income Mobility

Discussion in 'Too Hot for Swamp Gas' started by G8trGr8t, Jan 24, 2014.

  1. G8trGr8t
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    G8trGr8t Premium Member

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    The FIRST study done that examined actual hard data over the last 30 years proves that the ability to climb the income ladder has not changed during that time frame. It essentially determined that in spite f billions spent, it has been fought to a draw.


    http://online.wsj.com/news/articles/SB10001424052702304856504579337150671408032

    The odds of a child moving up the economic ladder have remained about the same for the past three decades, according to a comprehensive new study that contradicts the narrative in Washington that economic mobility has declined in recent years.

    Politicians of both parties have asserted in recent months that it has become harder for a child from a low-income family to eventually be among the highest wage earners in the country.

    The parties also are blaming each other as they seek solutions. Democrats say Republicans are trying to dismantle safety-net programs that help the poor, and many Republicans say social-welfare programs are only making problems worse. President Barack Obama has called economic opportunity the defining challenge of our time and is expected to make it a focus of his State of the Union address next week.

    The authors of the study being published Thursday by the National Bureau of Economic Research concluded that a widening income gap hasn't translated into less economic mobility than in the past. At the same time, they said economic mobility in the U.S. remains relatively low when compared with other developed nations, and is particularly poor in some parts of the country.

    The study examined anonymous data from about 50 million people born since 1971 and is more comprehensive than past work on the subject, some of which has shown mobility to be relatively flat and others that projected mobility had worsened.

    The authors measured the ability of children born in different income strata from 1971 to 1993 to move into different income groups. For example, it found that a child born in 1971 in the bottom 20% of household earners had an 8.4% chance of eventually making it into the top 20% of earners by his or her 20s or 30s. The chances of a child born in 1986 making a similar ascent was 9.0%.

    "What's most extraordinary about the study…is this research team got access to [earnings records] that they are able to match between parents and children across years, so they can relate the economic status of the parents to the status of their kids once their kids have somewhat grown up," said Gary Solon, an economics professor at Michigan State University who has been studying these issues for decades.



    original study pdf here
    http://www.equality-of-opportunity.org/files/Trends Executive Summary January 2014.pdf
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  2. asuragator
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    asuragator Well-Known Member

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    So much for the alleged socialist president killing the American Dream....

    If the study teaches us anything, it's that partisan sky is falling claims, the other side hates America, etc....is just silly, non-thinking yuckyuck.
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  3. tim85
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    tim85 Well-Known Member

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    +1 for saying "yuckyuck."
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  4. asuragator
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    asuragator Well-Known Member

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    :D:D Credit goes to verti. lol
  5. Gatorrick22
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    Gatorrick22 Well-Known Member

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    It's the Dems that are incessantly blubbering about income inequality...
  6. asuragator
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    asuragator Well-Known Member

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    Actually income inequality is an issue. Not it's existence per se, but the directional movement of it.
  7. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Maybe so, but does the illegal aliens getting government food stamps and other benefits count as part of the growing income inequality gap?
  8. asuragator
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    asuragator Well-Known Member

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    Maybe. Depends on who is measuring it and why. From what I've seen, even without including them, the gap would still be growing. Think of it in terms of effects on society, just as you are thinking of the effects of illegal immigration.
    Last edited: Jan 24, 2014
  9. JerseyGator01
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    JerseyGator01 Well-Known Member

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    It's hard to advance when the interviewing system is so superficial. You're tested left and right in school, but now all that seems to matter is which influential government bureaucrat you know.
  10. asuragator
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    asuragator Well-Known Member

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    Seems would be the key point. Who you know can certainly matter. Always has. Human nature. We are social beings. But it matters more for first jobs than subsequent ones, even if can still matter later on, just significantly less so. Folks with superior records but without a connection to a place will still often overcome a front runner with a connection in higher positions.

    This is generally speaking. It can range some what depending on the industry one is in and the specific job requirements among other factors
  11. MichiGator2002
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    Income equality can only matter if one controls for talent inequality and effort inequality. Plus the fact that there is lots of RNG in life.
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  12. JerseyGator01
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    Because there is so little of the private sector left in my area, who you know matters more than anything. Accomplishments are highly overrated since you rarely get to talk about them during the interview process at any real length. Interviewing is such a superficial process.
  13. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Income equality is the first step into communism and total government control over all aspects of business.
  14. asuragator
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    asuragator Well-Known Member

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    o_O What?
  15. Gatorrick22
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    Gatorrick22 Well-Known Member

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    I love it when you play dumb. Lol...

    It's all about government controlling the private sector. It starts out slowly like a nanny state mandate... and then it slips into commie dictatorship of all businesses.

    Where do you think heatlhcare is heading? The neext big push is for government control (thought taxation) of the food/s we can eat and cannot eat... It's already started in our schools...
  16. asuragator
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    asuragator Well-Known Member

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    Banning unnatural ingredients such as polyunsaturates or banning soda etc.. in publicly funded schools, sure, why not? Parents want to feed their kids crap, go right ahead. I get your worry about over-reach since there's plenty of it, but there is still other important components.

    First, income/class inequality is a feature of all large, advanced societies so we can agree that eradicating it would be a fools errand, yet even so, the movement of it matters. Growing inequality undermines a robust middle class for which the post WWII expansion of it has also witnessed the line for the upper class moving further away while concentrating wealth in a smaller number of hands relative to the rest of the population. The effects of this actually makes it tougher for middle class folk to make ends meet since relative to increasing costs, income isn't keeping pace therefore discretionary income and savings decrease while debt increases.
    Last edited: Jan 26, 2014
  17. Lawdog88
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    Guess it proves that nothing makes a difference.

    Especially, the government.

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