Comment by watwut
4 days ago
If US had many people "going from impoverished to wealthy", its social mobility stats would be better. You are seeing few outliers, that is it.
4 days ago
If US had many people "going from impoverished to wealthy", its social mobility stats would be better. You are seeing few outliers, that is it.
You are demonstrating that you have no idea what “social mobility” means. It is a term of art in economics, it doesn’t mean what you think it means. Being “socially mobile” has nothing to do with your ability to change your standard of living.
In countries like the US, you can achieve enormous gains in income and still not be socially mobile by definition. Specifically, it has nothing to do with how easy it is to become wealthy, which is what most people incorrectly intuit it means.
High “social mobility” is worthless if it doesn’t come with a high standard of living.
> In countries like the US, you can achieve enormous gains in income and still not be socially mobile by definition.
No, mass of people cant. The thing you describe can happen and not affect the global stats only because it happens to few people in one relatively small location.