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Economist: I’ve crunched the numbers, and the American Dream is dead

03 Dec

Wow! Is it just me or does this make you stop; like you hit a wall and rethink your life path?
I realize that this is not a sight that normally generates a lot of conversation and discussion but I would truly love to know what you all think about this article. So please; Comment. I’ll admit; I am temporarily speechless as far as a reaction. It seems right though. I am sorry to say.

The Fifth Column

Gregory Clark (KVOR) screenshot

The Raw Story

A California economics professor says he’s crunched the numbers, and he has concluded that the American Dream is dead.

Gregory Clark, a researcher at the University of California, Davis, found that social mobility had diminished significantly in the past 100 years, reported KOVR-TV.

“America has no higher rate of social mobility than medieval England or pre-industrial Sweden,” Clark said. “That’s the most difficult part of talking about social mobility, is because it is shattering people’s dreams.”

He said social mobility is little different in the United States than in other countries, where ancestry strongly predicts adult social status.

“The status of your children, your grandchildren, your great-grandchildren, (and) your great-great grandchildren will be quite closely related to your average status now,” Clark said.

That’s upsetting to many of his students, Clark said.

“My students always argue with me, but I think the…

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Posted by on December 3, 2014 in freedom

 

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