UC Davis Economics Professor: There Is No American Dream

UC Davis Economics Professor: There Is No American Dream

"‘America has no higher rate of social mobility than medieval England, Or pre-industrial Sweden,’ he said. ‘That’s the most difficult part of talking about social mobility is because it is shattering people s dreams.’ Clark crunched the numbers in the U.S. from the past 100 years. His data shows the so-called American Dream—where hard work leads to more opportunities—is an illusion in the United States, and that social mobility here is no different than in the rest of the world."