National Review this month featured a cover
story by the economist Scott Winship on income mobility, a
topic of
much debate recently. Winship is an expert on income and social
mobility trends, and he's careful to distinguish between relative
and absolute income mobility. The U.S. has high absolute income
mobility -- meaning that it's possible to move from poor to rich --
yet unusually low relative income mobility -- meaning that people
born into lower income households tend to end up in the same place.
This seemingly paradoxical phenomenon eludes the likes of many in
the left media. Winship's piece is a good explanation of what's
going on.
Bob K.| 11.7.11 @ 9:22PM
So! What does this have to do with Herman Cain groping a bimbo?