Wednesday, May 30, 2007

Work Hard and Get Ahead...Right?

Kevin Drum has a great post about the breakdown of the American Dream. It seems that over the last 25 years that productivity and income have become untethered.

This is bad news because it is one signal that America's famous mobility may no longer be all that we like to imagine. In fact, it seems that the American dream has been supplanted by the Danish dream, the Canadian dream, the French dream, and others.

These charts come from a report on economic mobility from a collaboration of the Brookings Institution,the American Enterprise Institute, the Heritage Foundation, and the Urban Institute. I suggest you read the whole thing. There is some valuable stuff about relative versus absolute mobility. There are also some more ominous charts that suggest both mobility types are shrinking.

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