Let me speculate that this trend of decline of social mobility is to a large extent a hallucination or junk science!
The article appears to be focused solely on upward mobility in terms of income.
Another deep flaw of this article: Given the high income levels of current parents, why would their children be able to earn more than their parents? I suspect there is more of a apples to oranges comparison going on here. At what age of the children where their incomes compared to their parents income?
Does this article account for:
- Several millions of illegal immigrants during the 46th President's term
- People moving away from blue states like California
- Remote work/work from home
Thus, most likely, the policy recommendations are flawed or dubious as well!
"... In an hour-long presentation ... used a series of maps and charts to reveal the dramatic decline in upward mobility in the U.S. (especially for kids in low-income families), the factors that are the strongest determinants of economic mobility, and how these findings can be used to guide policy changes that can improve mobility. ...
that while more than 90% of children born in 1940 went on to earn more than their parents did — a cornerstone assumption of the American dream — children born in the middle of the 1980s only have a 50-50 chance of doing better than their parents. ...
Opportunity Insights is using these findings to promote policy changes to increase upward mobility at the local level. For example, the group ran a trial in the Seattle area to test strategies for helping low-income families receiving government-subsidized housing vouchers to move into rentals in high-opportunity areas, where their kids would be more likely to succeed. ..."
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