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Teenage childbearing is "a symptom, not a cause" of poverty and economic immobility, Mr. Levine said in an interview.
Only on the basis of their cool clothes can they be "superior": hipster knowledge compensates for economic immobility.
Glance at data on income inequality and economic immobility and you'd be forgiven for concluding that America is closer to oligarchy than workers' paradise.
The Monday release of the study, conducted by IHS Global Insight, was timed to coincide with the launch of the nonpartisan conference's new Cities of Opportunity Task Force, meant to address problems arising from growing income inequality and economic immobility.
Similar(56)
What's remarkable is that this is all happening at a time when even conventional wisdom recognizes that structural economic changes — globalization, technology, inequality, immobility, persistent underemployment, "secular stagnation" (persistently weak demand) — have made economic life tougher for many in the workforce.
Back in 2003, he wrote: "There is little hope that the German political system will overcome its present immobility, making continued social and economic decline the most likely scenario for the future".
If there's one picture I could show to policy makers to wake them up to the profound costs to broad swaths of Americans of gridlock, austerity, immobility and just the general ignoring of the central economic problem — the disconnect between overall growth and shared prosperity — it would be this.
There are economic, institutional and psychological reasons for this passivity, but the central bank's immobility is one main reason why Germany seems set to follow in Japan's footsteps.
Real social immobility – as opposed to a few toffs – is rooted in Britain's economic geography, in a Victorian legacy of one-industry cities and towns such as Liverpool, Newcastle and Sheffield and the mining and milling areas of Lancashire, Yorkshire and south Wales.
Anxiety and immobility rule.
How can immobility be sexy?
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Justyna Jupowicz-Kozak
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