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Literally the seventh paragraph in the article: > America has a social mobility problem. Children born in 1940 had a 90% chance of earning more than their pare
by munificent 7y ago
Literally the seventh paragraph in the article:
> America has a social mobility problem. Children born in 1940 had a 90% chance of earning more than their parents. For children born in 1984, the odds were 50-50.
- fsagx 7y agoThat a child would likely earn more than a parent, when the parent's earning window spans a great depression and two world wars doesn't seem that remarkable. The 50-50 odds are exactly what I would expect from a nation in some sort of societial equilibrium.