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Sowell: Economic Mobility
Creators Syndicate ^ | March 5, 2013 | Thomas Sowell

Posted on 03/04/2013 1:15:39 PM PST by jazusamo

Most people are not even surprised any more when they hear about someone who came here from Korea or Vietnam with very little money, and very little knowledge of English, who nevertheless persevered and rose in American society. Nor are we surprised when their children excel in school and go on to professional careers.

Yet, in utter disregard of such plain facts, so-called "social scientists" do studies which conclude that America is no longer a land of opportunity, and that upward mobility is a "myth." Even when these studies have lots of numbers in tables and equations that mimic the appearance of science, too often their conclusions depend on wholly arbitrary assumptions.

Even people regarded as serious academic scholars often measure social mobility by how many people from families in the lower part of the income distribution end up in higher income brackets. But social mobility — the opportunity to move up — cannot be measured solely by how much movement takes place.

Opportunity is just one factor in economic advancement. How well a given individual or group takes advantage of existing opportunities is another. Only by implicitly (and arbitrarily) assuming that a failure to rise must be due to society's barriers can we say that American society no longer has opportunity for upward social mobility.

The very same attitudes and behavior that landed a father in a lower income bracket can land the son in that same bracket. But someone with a different set of attitudes and behavior may rise dramatically in the same society. Sometimes even a member of the same family may rise while a sibling stagnates or falls by the wayside.

(Excerpt) Read more at creators.com ...


TOPICS: Business/Economy; Culture/Society; Editorial
KEYWORDS: economics; sowell; thomassowell

1 posted on 03/04/2013 1:15:59 PM PST by jazusamo
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2 posted on 03/04/2013 1:17:53 PM PST by jazusamo ("Mercy to the guilty is cruelty to the innocent." -- Adam Smith)
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3 posted on 03/04/2013 1:19:40 PM PST by jazusamo ("Mercy to the guilty is cruelty to the innocent." -- Adam Smith)
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To: jazusamo
I saw an article here (maybe) yesterday bemoaning the fact that median incomes are stagnating. My first thought was, "time for Dr. Sowell to post his annual 'income mobility' piece." LOL
4 posted on 03/04/2013 2:36:19 PM PST by 1rudeboy
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To: 1rudeboy

LOL! Good one, maybe Dr. Sowell saw it too.


5 posted on 03/04/2013 2:41:00 PM PST by jazusamo ("Mercy to the guilty is cruelty to the innocent." -- Adam Smith)
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To: 1rudeboy; jazusamo
Most of the media publicize what is happening to the statistical brackets — especially that "top one percent" — rather than what is happening to individual people.

We should be concerned with the economic fate of flesh-and-blood human beings, not waxing indignant over the fate of abstract statistical brackets. Unless, of course, we are hustling for an expansion of the welfare state.

I saw an article here (maybe) yesterday bemoaning the fact that median incomes are stagnating. My first thought was, "time for Dr. Sowell to post his annual 'income mobility' piece." LOL
I consider the analysis which says that income percentile is correlated with age to be signature Thomas Sowell pointing out of the blindingly obvious (after he has said it) insight. Another way of putting it is that

"The bottom income quintile is loaded with young people just starting out.”

6 posted on 03/04/2013 3:38:48 PM PST by conservatism_IS_compassion
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To: jazusamo

The leftist elites’ denial of upward mobility only thinly veils their outright hostility towards upward mobility.

The nomenklatura have deemed everyone below incapable of thinking for themselves, therefore, incapable of advancing. So the peons are supposed to “be happy where they are at”, or even better, join the “vunnables”.


7 posted on 03/04/2013 3:41:29 PM PST by Fred Hayek (The Democratic Party is now the operational arm of the CPUSA)
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To: conservatism_IS_compassion
What Sowell usually does (I didn't read this article, sorry, I will when I get home) is take IRS data, and establish that people move out of the lower quintiles and into the upper. They, in turn, are replaced by new filers (young or otherwise) in the lower quintiles.

Ergo, to a demagogue, median incomes remain "stagnant."

8 posted on 03/04/2013 3:44:13 PM PST by 1rudeboy
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To: jazusamo

The narrative of all leftist “journalists” and media members is that capitalism is awful and leads to miserable lives for those who believe in it. How many Hollyweird movies have been made depicting the horrors of suburbia and living that terrible middle-class life? That’s the worst thing in the world to a lib/leftist. They’d rather focus on the small percentage of Americans who fail rather than the many more who succeed.


9 posted on 03/04/2013 4:14:33 PM PST by driftless2
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To: driftless2
How many Hollyweird movies have been made depicting the horrors of suburbia and living that terrible middle-class life?

Couldn't begin to guess but a bunch and it's probably the main reason the wife and I seldom watch a movie. An exception are the Hallmark Channel movies.

10 posted on 03/04/2013 4:27:51 PM PST by jazusamo ("Mercy to the guilty is cruelty to the innocent." -- Adam Smith)
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To: jazusamo
We should be concerned with the economic fate of flesh-and-blood human beings, not waxing indignant over the fate of abstract statistical brackets. Unless, of course, we are hustling for an expansion of the welfare state.

Exactly. Once again, the good doctor says it so well.

11 posted on 03/05/2013 9:12:03 AM PST by r-q-tek86 ("It doesn't matter how smart you are if you don't stop and think" - Dr. Sowell)
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