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I'm not sure the argument that regulations are the cause of decreased social mobility is valid. Germany who have regulatory framework much closer to France than
by cycomanic 4y ago
I'm not sure the argument that regulations are the cause of decreased social mobility is valid. Germany who have regulatory framework much closer to France than to the US, has lower youth unemployment than the US. The US in general has quite low social mobility compared to many more regulated economies (e.g. the Scandinavian countries typically rank amongst the highest on social mobility despite strong regulations).
- scarmig 4y agoRankings (particularly by ideological organizations) need to be taken with a large grain of salt, but Heritage has a ranking of regulatory/economic freedom of different countries: https://www.heritage.org/index/ranking https://www.heritage.org/index/ranking In it, Denmark > Sweden > Norway > Germany > USA >>> France. The low ranking of the US in particular might be for partisan reasons (i.e. intentionally overstating regulatory burden), but Scandinavian countries, although having large governments, typically have relatively low and transparent levels of regulation and efficient tax systems.
- jandrewrogers 4y agoSocial mobility is a term of art that doesn't mean what people intuit it does. I think the question being asked here is "how easy is it to significantly increase your income", which has an inverse correlation with social mobility. The reason for this is that high social mobility is most commonly an artifact of wage compression. Scandinavia has high wage compression, and the US very low wage compression, hence why it is much easier to significantly increase your income in the US than Scandinavia despite lower social mobility.