Quantcast
Connect with us

Economist: I’ve crunched the numbers, and the American Dream is dead

Published

on

A California economics professor says he’s crunched the numbers, and he has concluded that the American Dream is dead.

Gregory Clark, a researcher at the University of California, Davis, found that social mobility had diminished significantly in the past 100 years, reported KOVR-TV.

ADVERTISEMENT

“America has no higher rate of social mobility than medieval England or pre-industrial Sweden,” Clark said. “That’s the most difficult part of talking about social mobility, is because it is shattering people’s dreams.”

He said social mobility is little different in the United States than in other countries, where ancestry strongly predicts adult social status.

“The status of your children, your grandchildren, your great-grandchildren, (and) your great-great grandchildren will be quite closely related to your average status now,” Clark said.

That’s upsetting to many of his students, Clark said.

ADVERTISEMENT

“My students always argue with me, but I think the thing they find very hard to accept is the idea that much of their lives can be predicted from their lineage and their ancestry,” he said.

Clark’s findings, which were published by the Council on Foreign Relations, showed that Americans with French ancestry, for example, became doctors at a much lower rate than other immigrant groups.

“The French who arrived in the United States were overwhelmingly drawn from the lower classes of Acadia and Quebec, as a result of demographic patterns and selective migration,” Clark argued. “The effects of this lower social status have persisted across generations, even amid extensive intermarriage.”

ADVERTISEMENT

Some immigrant groups – such as Africans, Chinese, Christian Arabs, and Indians – enjoy higher social status because visa restrictions limited entry to mostly skilled workers from higher social classes, he found.

Clark argued in his paper for the Council on Foreign Relations – which is considered by conspiracy theorists to be a laboratory for the New World Order for its membership of former top intelligence officials and global business elite – that the U.S. should encourage more skilled workers from Latin America to emigrate to offset the wave of less-skilled workers who have migrated here in recent decades.

“For countries such as Sweden there is no evidence that social mobility rates can be raised by more intensive public support of disadvantaged families,” he argued. “Despite such support in Sweden, the children of immigrants currently perform significantly less well in educational achievement tests than the domestic population. The United States is likely to soon have the unprecedented situation of fostering a semi-permanent underclass.”

ADVERTISEMENT

He said there’s little the U.S. can do to improve the social status of immigrants who are already here, but the government should instead invite immigrants with higher social status within their home countries.

“The truth is that the American Dream was always an illusion,” Clark said. “Blindly pursuing that dream now will only lead to a future with dire social challenges.”

Watch this video report posted online by KVOR-TV:

ADVERTISEMENT

Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and legal efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. And unlike other news outlets, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from billionaires and corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you. Click to donate by check.

Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



Report typos and corrections to: [email protected]. Send news tips to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Conservative columnist blasts GOP as ‘partisan hacks for whom hypocrisy is second-nature’

Published

on

On Tuesday, President Donald Trump once again ripped into The Squad, this time to undercut an emotional press conference in which Rep. Rashida Tlaib (D-MN) described the conditions her Palestinian relatives live under.

“Sorry, I don’t buy Rep. Tlaib’s tears. I have watched her violence, craziness and, most importantly, WORDS, for far too long,” the president tweeted. “Now tears? She hates Israel and all Jewish people. She is an anti-Semite. She and her 3 friends are the new face of the Democrat Party. Live with it!”

Sorry, I don’t buy Rep. Tlaib’s tears. I have watched her violence, craziness and, most importantly, WORDS, for far too long. Now tears? She hates Israel and all Jewish people. She is an anti-Semite. She and her 3 friends are the new face of the Democrat Party. Live with it!

Continue Reading

Breaking Banner

Trump-worshipping artist unveils insanely disturbing new painting — and the internet is having a field day

Published

on

Jon McNaughton, the Trump-loving artist whose worshipful portraits of the president have drawn comparisons to North Korean propaganda, has unveiled a new painting that many Twitter users find deeply disturbing.

The new painting, which is titled "The Masterpiece," features President Donald Trump sitting at an easel and preparing to unveil a painting of his own.

Continue Reading
 

Breaking Banner

Trump-loving evangelicals don’t want Mike Pence as president because he has too much ‘decency’: WaPo columnist

Published

on

Washington Post columnist Elizabeth Bruenig this week talked with Ana Marie Cox on her "With Friends Like These" podcast about how evangelical Christians have an almost apocalyptic fervor for supporting President Donald Trump.

Bruenig, who is herself a practicing Catholic, earlier this year traveled to her home state of Texas to get a sense of how evangelicals were feeling about politics headed into 2020.

What she found, she told Cox, was a group of Christian conservatives who are even more devoted to the president than they were just three years ago when they helped power his electoral college victory.

Continue Reading
 
 

Thank you for whitelisting Raw Story!

As a special thank you, from now until August 31st, we're offering you a discounted rate of $5.99/month to subscribe and get ad-free access. We're honored to have you as a reader. Thank you. :) —Elias, Membership Coordinator
LEARN MORE
close-link
close-image