Post by bnastyaztecs on May 31, 2018 3:49:56 GMT -8
Why It’s So Hard to Get Ahead in the South
"Data suggests that Charlotte is a dead-end for people trying to escape poverty. That’s especially startling because the city is a leader in economic development in the South. Bank of America is headquartered here, and over the last two decades the city has become a hub for the financial services industry. In recent years, Charlotte and the surrounding area, Mecklenburg County, have ranked among the fastest-growing regions of the country."
"Charlotte ranked dead last in an analysis of economic mobility in America’s 50 largest cities by the Equality of Opportunity Project, a team of researchers out of Harvard, Stanford and Berkeley led by Stanford’s Raj Chetty. Children born into the bottom 20 percent of the income distribution in Charlotte had just a 4.4 percent chance of making it to the top 20 percent of the income distribution. That’s compared to a 12.9 percent chance for children in San Jose, California, and 10.8 percent change for children in Salt Lake City. These statistics are troubling because mobility is essentially just a formal term for the American Dream—the ability to find a good job, provide for children, and do better than one’s parents did. Rather than making it into the middle class in Charlotte, poor children, who are majority black and Latino, are very likely to stay poor."
www.theatlantic.com/business/archive/2017/04/south-mobility-charlotte/521763/
Do you want to know what the single most contributing factor to staying in poverty is? It has nothing to do with region. It is a having a single mom.
OK Roseanne......