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In a sign of the fading American Dream, 92 percent of children born in 1940 earned more than their parents, but only half of those born in 1984 can say the same, researchers said Monday. Greater inequality in the distribution of growth is largely to blame, said the findings in the US journal Science. "Children's prospects of earning more than their parents have faded over the past half century in the United States," said the study, led by Raj Chetty of Stanford University. "Absolute income mobility has fallen across the entire income distribution, with the largest declines for families in the middle class."
Since little data exists linking children to their parents in terms of economic performance, researchers combined US census data with tax records, adjusting for inflation and other confounding variables. They found the sharpest declines in income in the industrial Midwest, including states like Indiana and Illinois. "The smallest declines occurred in states such as Massachusetts, New York and Montana," said the study.
(Score: 4, Interesting) by kaszz on Wednesday April 26 2017, @04:48PM
The Utah compassionate conservative program [bloomberg.com] seems to be about:
* Housing first, before trying to address the problems that contributed to their homelessness.
* Mormon Church support, ie the virtue of the population matters.
* Functional bureaucracy.
* Food and furniture for the poor but with expectations to find work.
* Letting social workers push people (with risk for arbitrary judgements).
* Emphasizing going to school and not having children until you can support them.
* When the poor people are, by and large, the same race as the richer ones, people find it easier to talk about them the way they might talk about, well, family members (see Robert Putnam [wikipedia.org] on societal trust) .
* Mormon Church forbids drinking and encourage marriage.
* “The people who are doing the research are the people who don’t need marriage.”
* Cultural homogeneity.
Economists Isabel Sawhill and Ron Haskins famously estimated that we could reduce poverty by 71 percent if the poor did just four things: finished high school, worked full time, got married and had no more than two children — and the number of children was the least important factor in that calculation.
Marriage seems to have more of a correlation with mobility than race does.
As a redditor said: [reddit.com]
If you trust the people you are dealing with, you have to waste as many resources vetting them and guarding fraud. So you have good connections, a strong internal reputation system, and high levels of trust, all of which are excellent for business.