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So then that implies that there is a threshold below which class mobility becomes increasing harder. Otherwise there should be a new middle class composed of t
by lumberjack 12y ago
So then that implies that there is a threshold below which class mobility becomes increasing harder.
Otherwise there should be a new middle class composed of the formerly working class's children instead of a void.
Either way polarisation is still happening.
- tsotha 12y agoYou can explain part of that, anyway, by immigration. Between legal and illegal immigration we're adding a couple million poor people to the total every year.
- twoodfin 12y agoNot necessarily. You could, for example, have a large generation (the Boomers) pass through their peak earnings years at the same time as a large number of low-skill immigrants arrive in search of a better life. That wouldn't be polarization in the sense of the middle being split into rich and poor, it would just be changing demographics. No idea if that's what's actually happening, but just watching the dot of the median and not the whole distribution is not likely to be enlightening unless events conspire to keep the shape of that distribution static. I don't think that's the case.