Equality Of Opportunity Project
I thought about whether or not to post this on a holiday, but I think it may do more good than bad.
Why?
Because everyone is spending time with their friends and family and they may feel like they somehow are alone with their perceived failure.
On to the thread.
I came across this site: http://www.equality-of-opportunity.org/
"Children's prospects of achieving the "American Dream" of earning more than their parents have fallen from 90% to 50% over the past half century."
I suggest the first link on this page for further reading: http://www.equality-of-opportunity.org/papers/
It's a National Bureau of Economic Research Working Paper and gives some detailed research.
Key point to remember, the research is talking about wages/salaries at the same relative point in an individual's career. Of course some new graduate is going to be making less than their parent currently is.
The data is analyzing 30 year-old incomes, that is comparing say 1980s kids at age 30 vs. say 1940s kids at age 30
Why?
Because everyone is spending time with their friends and family and they may feel like they somehow are alone with their perceived failure.
On to the thread.
I came across this site: http://www.equality-of-opportunity.org/
"Children's prospects of achieving the "American Dream" of earning more than their parents have fallen from 90% to 50% over the past half century."
I suggest the first link on this page for further reading: http://www.equality-of-opportunity.org/papers/
It's a National Bureau of Economic Research Working Paper and gives some detailed research.
Key point to remember, the research is talking about wages/salaries at the same relative point in an individual's career. Of course some new graduate is going to be making less than their parent currently is.
The data is analyzing 30 year-old incomes, that is comparing say 1980s kids at age 30 vs. say 1940s kids at age 30
