Social mobility in the USA

[Torvald Von Mansee]

As described by that leftist commie rag, The Economist:

http://www.economist.com/world/unite...ry_id=15908469

[tater]

The Economist is certainly "left" as defined by American politics. I read it since my father in law gets it. It's clearly left of the WSJ, or even Bloomberg (my cousin's a reporter for the latter, so I read that, too). As is, of course, PEW which that article quotes.

Comparing mobility to countries like Europe that have twice the unemployment isn't really very fair. We freak out with even double-digit unemployment, a condition that's been endemic to the EU for ages.

I think, as your article states, the situation in in fact more complicated. Look at lifestyle changes over the same period. People might make less than mom and dad, but their houses are bigger, they have more (and better) stuff.

I think if people lived a 1970 lifestyle, they'd have loads of leftover money. I sure would.

[SteamWake]

As the country emerges from recession

LOL they lost credibility in the first sentance.

The only reason to read this magazine is to impress lib chicks in an airport lobby

[mookiemookie]

Originally Posted by SteamWake

LOL they lost credibility in the first sentance.

They lost credibility for stating the obvious?

[CaptainHaplo]

Mookie - they lost credit when they claim the recession has ended - try telling that to the 11.2% unemployed in the state of NC (which doesn't even count those no longer looking for work having given up, or simply run out of benefits but still looking)....

When unemployment as a whole makes a steady, significant improvement over the course of 3 months (say at least .2% per month) then the recession will be ending - to the man on the street.

You can use some fancy definition for what is and isn't a recession - but to the common man on the street - its defined by jobs.

You can use some fancy definition for what is and isn't a recession

There is nothing fancy about an ordinary, everyday well established definition.

So the definition of recession as used isn't really the definition even though it is the usual definition as Haplo doesn't like it and Steamwake doesn't understand it.

[August]

Originally Posted by CaptainHaplo

You can use some fancy definition for what is and isn't a recession - but to the common man on the street - its defined by jobs.

The Dems do seem quite eager to declare victory over the recession.