I Will Post The 3 Topic To Read An Right About – Term Paper Example
Social Mobility in the U.S. Economy Submitted by Macro & Micro Economic January 9, Social Mobility in the U.S. Economy
Findings in the articles of Krugman Paul (July 29, 2013) and that of Chetty, Raj. Et. al (January 2014) talk about the difficulties in climbing the economic ladder of opportunities and low intergenerational mobility. Krugman cited studies wherein reasons for slow mobility are neighborhoods is too spread out so that jobs are not easy to get for those stranded in the wrong neighborhood. Chetty, R. et.al Jan. 2014 argued that the rungs of the economic ladder have become further apart today than it was in 1970s. Chetty, R. interpreted it that the income inequality has increased (rungs of the ladder growing apart) over the period while the children’s chances of climbing the ladder from the lowest to higher rungs have remained steady.
Social mobility is defined as the person’s movement over time from one class to another. (Crossman, Ashley. 2014) It can also be intergenerational which means child rises above the class of parents. According to Chetty, intergenerational mobility is significantly lower in the US than its counterparts of developed countries. However he failed to point out specific reasons why.
It could be construed here that inequality is the main source of difficulty in rising in the rungs of economic ladder. Referring to the arguments of Chetty, J. that relates distance to income opportunities, economic policies that would increase social mobility is to improve transportation facilities, and availability of housing facilities near job sources. This move would also be interrelated to education opportunities for children. A steady income means parents can provide children with better schools, training and apprenticeship programs. On the part of the government, regulations are needed to assure more jobs from entrepreneurs and innovations.
While I admit that there is no straight economic policy that would reverse rising inequality overnight, there are policies that can put back our country on the right path for economic social mobility. These are to increase wages of workers, help the children start with better education, make apprenticeship, skills training and higher education more accessible, and assuring that citizens can retire with dignity. I believe that increasing wages would reduce the gap of workers’ pay from top executives and would create a viral effect in the economy. Access to quality education is the state’s responsibility and one way of putting off inequality. These policy recommendations are in line with the problems mentioned above by the authors.
Chetty, Raj, Hendren,Nathaniel, Kline, Patrick Kline, and Saez, Emmanuel. (January 2014). Is the United States still a land of opportunity, recent trends in intergenerational mobility. Retrieved 29 January 2014
Crossman, Ashley. 2014 Social Mobility. About.com. Sociology. Retrieved 29 January 2014 >http://sociology.about.com/od/S_Index/g/Social-Mobility.htm
Krugman, Paul. (July 29, 2013) Stranded by sprawl. The New York Time Retrieved 29 Jan. 2014 from .