Why the USA is Not the Land of Opportunity Anymore

In: Employment US Economy

10 Nov 2010

Income inequality and out of control costs of living. I think this could have used a few more charts – maybe one on static wages?

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3 Responses to Why the USA is Not the Land of Opportunity Anymore

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Scott

November 11th, 2010 at 3:35 am

I find it amusing (and somewhat deceptive) that for point #1, the recession years 2007-2009 are highlighted and given the same weight as entire decades, while for point #2, the recession years aren’t included at all. Even so, I’m all for policies that would increase income mobility.

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Mike

November 11th, 2010 at 11:54 pm

Scott,

I noticed the same thing. A better comparison is the 89 – 99 and 99 – 07 numbers. Both are peak to peak comparison for employment or trough to trough comparisons for unemployment. Link to Calculated Risk’s employment data for employment: http://cr4re.com/charts/charts.html?Employment#category=Employment&chart=EmployPopPartUnemployOct2010.jpg

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JohnnyPhoto

November 26th, 2010 at 8:11 am

Current U.S. facts, an employment snap shot, U.S. Economy – just a photo of a moment in time. Enjoy the info, the simple presentation, enjoy what is presented.

With that said, that thought shared, next consider – if our congress representatives could comprehend these simple minimal facts, and keep it simple and better our next 10 years

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