DAVIS (CBS13) — A UC Davis economics professorhas determined there is no American Dream. Gregory Clark is sharing his research as a hard truth with no hope—whether or not you can get ahead in America is as predictable as any formula. In fact, he says, the formulas for social mobility in the United States show there’s nothing to dream about. “America has no higher rate of social mobility than medieval England, Or pre-industrial Sweden,” he said. “That’s the most difficult part of talking about social mobility is because it is shattering people s dreams.” Clark crunched the numbers in the...