New national study: Economic mobility is lowest in the Southeast

There’s new confirmation today that it’s time, once and for all, for North Carolina politicians to ditch their absurd obsession with being “competitive” with neighboring southeastern states.

According to a new report described here, the Southeast is the nation’s backwater for economic mobility.

“The study — based on millions of anonymous earnings records and being released this week by a team of top academic economists — is the first with enough data to compare upward mobility across metropolitan areas. These comparisons provide some of the most powerful evidence so far about the factors that seem to drive people’s chances of rising beyond the station of their birth, including education, family structure and the economic layout of metropolitan areas.

Climbing the income ladder occurs less often in the Southeast and industrial Midwest, the data shows, with the odds notably low in Atlanta, Charlotte, Memphis, Raleigh, Indianapolis, Cincinnati and Columbus. By contrast, some of the highest rates occur in the Northeast, Great Plains and West, including in New York, Boston, Salt Lake City, Pittsburgh, Seattle and large swaths of California and Minnesota.”

Top Stories from NCPW

  • News
  • Commentary

Record gasoline spill in Huntersville was Colonial Pipeline's 32nd accident in N.C. since 2000 [...]

Melanie Flowers had a lot to do this week, and a protest was yet another item on her list. The stude [...]

While former President Trump was ending his term by granting last-minute clemency to aides and those [...]

People on felony probation or parole can be prosecuted for voting illegally even if they don't [...]

Why several things must happen before our nation can "move on" As you've probably alr [...]

The post The Para-LIE-mpain. appeared first on NC Policy Watch. [...]

COVID taught us a lot about living in crisis mode. The biggest lesson: address crises early enough t [...]

As schools begin spring semester classes, local leaders in North Carolina face the weighty decision [...]