Scott Winship and Donald Schneider have a recent piece at the Manhattan Institute’s e21 on the widely-cited Great Gatsby Curve. Their detailed analysis demonstrates that income inequality (of various sorts) has little statistical relation to economic mobility. What does, however, is single motherhood.
As Nathaniel wrote elsewhere, “This strongly correlates with the idea (discussed here previously) that…the ultra-wealthy are not (intrinsically) the problem. The problem is a fracturing of society that is evident not at the extremes, but closer to the middle, where the functional and dysfunctional sides of America are slowly pulling apart.”