| lordmandeep said: My parents story is like that. Instead of sulking and never doing anything with their lives like the OWS people, they worked hard as they had a family that depended on them. I do agree times have changed, before you could work hard and get a better life, but it is harder in today's world. Upward mobility is way down from the past. |
Not from any source i've seen. I've seen reports that say upword mobility is stagnant. Which is actually good when you consider the fact that factory jobs are being replaced by service jobs. You'd expect ford jobs being replaced with Mcdonalds jobs would make upward mobility harder.
http://www.economicmobility.org/assets/pdfs/PEW_EMP_1984_TO_2004.pdf
I mean, if your talking about only during the recession. Well yeah, cause we're in a recession.
The Brookings insitute says that if you Graduate Highschool, find a job, and don't have a child before 21, you have a 75% chance of becoming middle class.
So there's 15% unemploment for those without a college degree.... but only around ~9 for those with a highschool degree.
So if all you do is graduate highschool, there is a 90% chance you'll get a job. So avoiding a kid, which is a pretty easy thing to do if you try... you end up with a 67.5% chance of moving up to the middle class. Which is pretty awesome when you consider that upper, middle and lower classes are done by percentiles, so that 67.5% of people moving up, are replaced by 67.5% of people falling out of the middle class.
When you combine that with the above report that the 50% of the people in the bottom quintile move upwords... it paints a picture.
