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.

“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.”

ADVERTISEMENT

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.

“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.

ADVERTISEMENT

“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.”

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.

ADVERTISEMENT

“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.”

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.

ADVERTISEMENT

“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


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

Breaking Banner

Giuliani associates’ company promised to build a bizarre temple over Jerusalem

Published

on

The Wall Street Journal has uncovered new details about the strange work done by Fraud Guarantee, the company founded by Lev Parnas, the indicted henchman of Trump attorney Rudy Giuliani.

Specifically, the Journal was given information from an investor who says he plugged $250,000 into Fraud Guarantee after Parnas told him that he could use his connections with President Donald Trump to help promote his initiative to create peace in the Middle East.

Continue Reading

2020 Election

Liberal PACs gear up for major ad blitz to flip GOP-controlled legislatures in states where Trump is vulnerable

Published

on

According to a report from Politico, two left-leaning PAC's are working in concert to flip GOP-majority legislatures in reliably conservative or too- close-to-call states.

With Donald Trump expected to be at the top of the Republican ticket, "Arena and Future Now Fund, are planning to spend $7 million to try to flip GOP-controlled state legislatures in Florida, Arizona, Michigan and North Carolina," the report states.

According to Daniel Squadron, co-founder of the Future Now Fund, "If you look at where the important states are, the places most people are watching are the Electoral College to secure the White House. But the truth is that when you talk about the impact of 2020, electoral control of the state legislatures is critical.”

Continue Reading
 

Breaking Banner

Newly revealed letter details Rudy Giuliani’s work for Fraud Guarantee company owned by indicted henchman

Published

on

A newly revealed letter sheds light on Rudy Giuliani's work for Fraud Guarantee, a company founded by his indicted associates Lev Parnas and David Correia -- and the document has been handed over to investigators.

Fraud Guarantee circulated an investor letter last year that shows the company would pay the consulting firm Giuliani Partners up to $2 million for the first year and give the former New York City mayor equity in the company, reported the Wall Street Journal.

Continue Reading