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mobility

Are the Rise of Social Media and the Decline of Social Mobility Related?

April 4, 2019 8:04 am

by Charles Hugh-Smith Social media offers hope of achieving higher online social status without having to succeed financially in a winner-take-most economy. I’ve often addressed the decline of social mobility and the addictive nature of social media, and recently I’ve …

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“Yellow Vests” and the Downward Mobility of the Middle Class

December 16, 2018 9:17 pm

by Charles Hugh-Smith Capital garners the gains, and labor’s share continues eroding. That’s the story of the 21st century. The middle class, virtually by definition, is not prepared for downward mobility. A systemic, semi-permanent decline in the standard of living isn’t …

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