We know from the pathbreaking work of Raj Chetty and his colleagues that beginning with young adults who reached their adult earning levels in the late 1960s, upward mobility in terms of income has been steadily declining. “Children’s prospects of earning more than their parents have fallen from 90 percent to 50 percent over the past half century.”51 They attribute most of this decline in mobility precisely to the increasingly unequal distribution of economic growth.
People are most mad when you screw with their kids
