Income Mobility and Economic Development

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

 

 

Author: Mike

I am a patent attorney in Lexington, Kentucky. My law firm web site is http://www.coblenzlaw.com. I ran for State Representative in 2010 and lost in the primary. Many of these posts are based on writing that I did for that election. Rather than delete it all, I decided to dump it onto the internet.

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