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Originally Posted by Shotsie
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ok, so it may be true, but so what? what's the significance of this? what do you think is causing this low level of mobility? what do you think the solution is?
"Most studies back up the idea that the U.S. has lost the upper hand for upward mobility to Europe and Canada over the last several decades. According to the Times story, 16% of Canadian men raised in the bottom tenth percentile of incomes were still there as adults. In the U.S., 22% remained in the bottom tenth."
the stats you presented sound alarming, but this means that vast majority ( 78%) achieved upward mobility? where is the problem exactly?
the whole statistic seems pointless, cause for every person moving up out of the lowest 10th percentile, someone had to drop down to it, so higher upward mobility implies higher downward mobility...