The Stalled Engine of Social Mobility

The second generation has historically done better than their parents, who often arrived in America with little. But if their prospects are limited by an unequal economy, those gains are in danger of stagnating or even reversing.

This post originally appeared on Capital & Main, a Pacific Standard partner site, as “The Stalled Engine of Social Mobility.”

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In this photo illustration of the litecoin, ripple and ethereum cryptocurrency "altcoins" sit arranged for a photograph beside a smartphone displaying the current price chart for ethereum on April 25th, 2018, in London, England. Cryptocurrency markets began to recover this month following a massive crash during the first quarter of 2018, seeing more than $550 billion wiped from the total market capitalization.

Viewfinder: Cryptocurrency in London

In this photo illustration of the litecoin, ripple and ethereum cryptocurrency "altcoins" sit arranged for a photograph beside a smartphone displaying the current price chart for ethereum on April 25th, 2018, in London, England.
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