Friday, 7 October 2016

First, create an Office of Opportunity (Richard V. Reeves, Brookings)

It is hardly breaking news that rates of intergenerational mobility in the U.S. are low. It is especially troubling given our self-identification asa land of opportunity, full of people scrambling up the economic ladder. There is bipartisan agreement about the problem. “Upward mobility is the central promise of life in America, says House Speaker Rep. Paul Ryan, “but America’s engines of upward mobility aren’t working the way they should.” Meanwhile President Obama warns that “a dangerous and growing inequality and lack of upward mobility…has jeopardized middle-class America’s basic bargain — that if you work hard, you have a chance to get ahead. I believe this is the defining challenge of our time.”

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