Tag: economic mobility
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The Half-Full Glass of Economic Mobility
Greg Mankiw: The Half-Full Glass of Economic Mobility When people look at data on economic mobility, they see different things. For example, it is well known that if your father had high income, you are more likely to have high income than if you father had low income. According to this study (which I found thanks…
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Where Sweatshops Are a Dream
New York Times: Where Sweatshops Are a Dream by Nicholas Kristof Before Barack Obama and his team act on their talk about “labor standards,” I’d like to offer them a tour of the vast garbage dump here in Phnom Penh. This is a Dante-like vision of hell. It’s a mountain of festering refuse, a half-hour…
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Rich Are Getting Richer, Poor Are Getting Richer
Carpe Diem (Mark Perry): Rich Are Getting Richer, Poor Are Getting Richer Let's Permanently Dismiss the "Stagnant Wage Myth": ALL income groups have gotten richer in a generation: 2 of Every 3 Americans Are Better Off Today Than Their Parents, and More Than 80% of the Bottom Fifth Are Richer Than Their Parents The charts…
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Living Simply in Abundance (5)
The biblical narrative was revealed into specific historical-cultural contexts. If we go back into the world of the Old Testament, we find a distinctly agricultural society. Unlike our Enlightenment/Modernist-influenced culture, "rights" did not begin with the individual or the state. The emphasis was on relatedness. God owned all that is, and humanity was made stewards…
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Movin’ On Up
Wall Street Journal: Movin' On Up A Treasury study refutes populist hokum about "income inequality." If you've been listening to Mike Huckabee or John Edwards on the Presidential trail, you may have heard that the U.S. is becoming a nation of rising inequality and shrinking opportunity. We'd refer those campaigns to a new study of…