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20 June 2013 @ 08:29 am
Welcome to America, 2013  
Today's top read: "Now, we like to think of ourselves as a classless society, but it isn't true today. As the Brookings Institution has pointed out, America has turned into a place Horatio Alger would scarcely recognize: we have more inequality and less mobility than once-stratified Europe, particularly the Nordic countries. It's what outgoing Council of Economic Advisers chief Alan Krueger has dubbed the 'Great Gatsby Curve' - the more inequality there is, the less mobility there is. As Tim Noah put it, it's harder to climb our social ladder when the rungs are further apart. And it's getting worse."