NOT MOVING: Mobility has fallen to record lows…
A new study identifies powerful psychological factors that connect people to places, and that mean more to them than money. Mobility in the United States has fallen to record lows. … Read more
mobility
Downward Mobility Matters More Than Liberal-Conservative Labels
by Charles Hugh-Smith The real heresy here is the American economy is now rigged for downward mobility. In the conventional narrative, one’s economic class is overshadowed by one’s political belief … Read more
Are the Rise of Social Media and the Decline of Social Mobility Related?
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 … Read more
“Yellow Vests” and the Downward Mobility of the Middle Class
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 … Read more