Not true: social mobility in US is lower than in Europe and Canada.
Not true: social mobility in US is lower than in Europe and Canada.
If you are born middle class or with an intact family structure or immigrate, opportunity is unlimited. If you're born here poor/without a family structure, or were born in the wrong place, you're stuck in a feudal-like system.
I can't speak about Canada but I seriously doubt that social mobility is higher in Europe. Again, you can't generalize. It may be far easier to move from a class to another in Germany than for example Italy or France.
e.g. https://www.oecd.org/eco/growth/NERO-22-June-2015-income-ine...
http://wrap.warwick.ac.uk/81/1/WRAP_Naylor_twerp_781.pdf
Mobility is lower in the U.S. than in the U.K., where it is lower again compared to t he Nordic countries. Persis- tence is greatest in the tails of the distributions and tends to be particularly high in the upper tails: though in the U.S. this is reversed with a particularl y high likelihood that sons of the poorest fathers will remain in the lowest earnings quintile . This is a challenge to the popu- lar notion of ’American exceptionalism’.
To put it another way, if everyone made the same wage, an increase in salary of $1 would check the box for "social mobility" because it would move you into the top percentile.
At the end of the day, the difficulty with these comparisons is that social mobility measured in percentiles may be the same in a country where it is next to impossible to rise above your parents' social class as in a country where it is completely pointless to even want that.
In my country (Finland), for instance we don't force anyone to live in the streets. IMO, this creates huge amount of value from second order network effects - better childhoods, better social stability, people are more employable (if we only had jobs). I hope we can still afford this amount of social wellfare after a few decades.
In such a society, any meaningful definition of social mobility has to include more than just income percentiles.
So, we probably need prices and actual money for resource optimization, with human-sized goals for individuals to aspire to. But how to optimize human condition is partly a separate question and requires placing some value on the life experiences of individuals disrespective of their economic status.
http://www.theatlantic.com/business/archive/2015/07/america-...
http://www.economist.com/news/united-states/21595437-america...
https://www.brookings.edu/blog/social-mobility-memos/2015/05...
http://www.epi.org/publication/usa-lags-peer-countries-mobil...
http://www.economist.com/news/briefing/21640316-children-ric...
https://www.washingtonpost.com/news/wonk/wp/2016/08/03/there...
http://www.epi.org/publication/usa-lags-peer-countries-mobil...
It's not measuring upward mobility, but mobility in general. Seems suspect.
http://www.statcan.gc.ca/pub/11-626-x/11-626-x2016059-eng.ht...
The rich stay rich, more than the poor stay poor (in Canada).
But the number is about [relative change in income across] the population - if most people are poor (which they are) high mobility across the population likely means poor people are moving up (or indeed getting much poorer - halving your income when you're already in the lower quartile would probably be as big a shift as doubling it - if not more).
You're right to ask for more detail, though.
US social mobility and wealth inequality are among the worst in the developed world.
https://en.m.wikipedia.org/wiki/Social_mobility
Graph down the bottom.
It'd be interesting to see a breakdown of the UK on the various countries though.