Lifted from comments from Daniel Becker’s post here, reader PJR provides links to two good sources: Another data-driven study indicates income mobility is down at the same time that inequality is up, saying “Overall, the evidence indicates that over the 1969-to-2006 time span, family income mobility across the distribution decreased, families’ later-year incomes increasingly depended […]

By Rebecca Wilder  This Is What You Get When Policy Makers Become Complacent The prospects for domestic demand in the US are not bright. The labor market barely generates jobs and fiscal policy is a drag. Americans are consuming; but there’s unlikely sufficient nominal income growth to stabilize consumption expenditure growth at current levels. We’ve […]