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"If homeownership becomes the preserve of children of the already well-off, this will stamp out social mobility and make society even more unequal.
These and other new technologies have enabled the outsourcing and offshoring of production, ever greater capital mobility, and make corporations more fluid and flexible.
But as weand others (including Alan Krueger, chair of Obama's council of economic advisers) have shown, wider income differences reduce social mobility and make it harder for people with poorer backgrounds to do so.
But the problem Kristof is describing is a reminder that effective marginal tax rates may matter more at the bottom of the income ladder, where benefit cut-offs can discourage precisely the kind of choices that enable intergenerational mobility, and make striving of any sort seem like a dicier proposition than sticking with the benefits you have.
Noncompetes hamper employee mobility and make launching startups difficult.
Alan Milburn was asked by the government to look at the issue of social mobility and make recommendations.
Similar(54)
Phone makers and carriers love to promote bells and whistles, but those add-ons can drown out a basic truth: mobile phones are still primarily about mobility and making phone calls.
Excessive regulation reduces mobility and makes it harder for workers to change careers or earn extra income.
"This is about being unapologetic for our belief in social mobility and making this country a true meritocracy – a country that works for everyone," she will say.
For instance, it raised the retirement age, changed the system of severance pay that had impeded job mobility, and made university students pay for part of their tuition.
Abolishing or even merely restricting that policy could pay for much or all of the cost of universal coverage, as well as boosting labour mobility and making the cost of coverage more transparent to consumers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com