In a presidential campaign where candidates from both parties are blaming globalization for a shrinking middle class, a 36-year-old India-born economist has a different explanation: Bad neighborhoods and bad teachers rob poor children of the chance to climb into the middle class.
His solution? Help the children and their families move to better neighborhoods.
blogging my (mis)adventures in China between and during bouts of jetlag peppered with random thoughts on investing, strategy and development
Tuesday, October 20, 2015
Harvard economist Raj Chetty: how to improve income mobility
Any starting point that doesn't start with the fixed pie fallacy and focusing on bringing down the rich instead of bringing up the poor, I think, is a good one though I wonder if each party is just looking to for what it wants to hear (WSJ):
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