California economics professor says he’s crunched the numbers, and he has concluded that the American Dream is dead.
Gregory Clark, a researcher at the University of California, Davis, found that social mobility had diminished significantly in the past 100 years, reported KOVR-TV.
“America has no higher rate of social mobility than medieval England or pre-industrial Sweden,” Clark said. “That’s the most difficult part of talking about social mobility, is because it is shattering people’s dreams.”
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