America is not a wily, sneaky nation. We don't think that way. We don't think much at all, thank God. Start thinking and pretty soon you get ideas, and then you get idealism, and the next thing you know you've got ideology, with millions dead in concentration camps and gulags.
Raj Chetty
The latest research on social mobility showed that there's a large aggregate decline in the U. S. in your chances of earning more than your parents. But I think where the story becomes more optimistic one is that there are pockets of America, where children from low-income families have significant chances of rising up in the income distribution. This finding of big geographic variation is an encouraging one because it shows that there are places where we see the American Dream thriving and we simply need to understand how can we replicate those successes elsewhere throughout the country.
