Income mobility, or the ability of people to move up the socio-economic ladder is an important component of a successful economy. Economic mobility means that the child of a dishwasher can go to college and become a lawyer, or a laborer with a good idea can open his own company to make or sell a new product.
A new report has found that cities in the Northeast, West Coast, and some in the Great Plains, have the highest levels of economic mobility, while cities in the South and Midwest have the lowest levels of economic mobility.
An article in Salon describing these findings can be found here: Upward Mobility
The full report can be found here: Equality of Opportunity