Post #3801678
2026-07-14 06:03 UTC
2. Moderate downward mobility, say from 75th to 25th percentile. Grandparents college educated professionals, parents some-college white collar, current generation no-college retail. Real income about 30 per cent lower in third generatioion.
Replies (1)
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@johnquiggin@aus.social 2026-07-14 06:03
By contrast, if you go back 56 years from 1970 to 1914, hardly anyone then was better off than their grandchildren. And tech innovations massively more significant than Facebook and streaming TV.