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Originally posted by Sestias
huffingtonpost.com
s America the "land of opportunity"? Not so much.
A new report from the Organization for Economic Co-Operation and Development (OECD) finds that social mobility between generations is dramatically lower in the U.S. than in many other developed countries.
So if you want your children to climb the socioeconomic ladder higher than you did, move to Canada.
The report finds the U.S. ranking well below Denmark, Australia, Norway, Finland, Canada, Sweden, Germany and Spain in terms of how freely citizens move up or down the social ladder. Only in Italy and Great Britain is the intensity of the relationship between individual and parental earnings even greater. For instance, according to the OECD, 47 percent of the economic advantage that high-earning fathers in the United States have over low-earning fathers is transmitted to their sons, compare to, say, 17 percent in Australia and 19 percent in Canada.
Recent economic events may be increasing social mobility in the U.S. -- but only of the downward variety. Harvard Professor Elizabeth Warren, for example, argues that America's middle class had been eroding for 30 years even before the massive blows caused by the financial crisis. And with unemployment currently at astronomical levels, if there are no jobs for young people leaving school, the result could be long-term underemployment and, effectively, a lost generation.
Please visit the link provided for the complete story.
This article supports my observation that the U.S. has been losing its middle class since at least the 1980's. I myself have not earned what my father did, as in my 20's and 30's I chose to go into the arts, where your income is usually fluctuating and often low. In this way my experience may not be typical.
I have certainly noticed that a surprising number of my college students have ended up working in big box stores and in similar jobs where they are underemployed, underpaid and typically have no benefits. Even if (and I hope when) they move up to better paying positions they will have lost a number of years worth of income, and so will probably never equal their parents' level of "success." The middle-class jobs are just not there, especially as we are losing more and more of our industry to third-world nations.
Maybe I should tell my students to move to Canada or some countries in Europe.
America is supposed to be the "land of opportunity," where people come from all over the world to climb the ladder to success, but it turns out we have more class divisions than we would like to admit.