Economic mobility

Downward Spiral

(Flickr/401(K) 2012)

We've heard a lot about jobs in this presidential election cycle. The idea being, I suppose, that once people have a job, regardless of the wages or the hours, they can bootstrap their way to the top. Probably for similar reasons, we don't hear much about poverty. So long as there are jobs around, political rhetoric seems to say, being poor is a choice. While both campaigns will spend many many millions on ads telling you about jobs, I doubt we'll hear much about economic mobility in America or pathways to escaping poverty.

The Myth of Rags to Riches

In the latest version of SimCity, a computer game that let's you pretend to be an urban planner, city residents are born into an economic class and there they remain for life. This may have been done for simplicity's sake, but the scenario makes the popular computer game disturbingly similar to the situation of most Americans.

Breaking: There Aren't Many Poor People at Elite Colleges

David Leonhardt notes the complete lack of socioeconomic diversity at elite colleges:

In 2008, the most recent year in the Chronicle’s data, a mere 6.5 percent of Harvard students received Pell Grants. And Harvard wasn’t all that unusual among elite colleges. At Washington University in St. Louis, only 5.7 percent of students received Pell Grants. At the University of Pennsylvania, the share was 8.2 percent. At Duke and Northwestern, it was 8.3 percent. At Notre Dame, it was 8.4 percent. The numbers at Yale (8.9 percent), and Princeton (9.9 percent) were also fairly low. The share at Stanford was 12 percent.