America doesn’t have an education problem, it has a class problem

Matt Phillips:

Not only is the US now less equal than Europe, it’s less mobile than many European countries. In the late 19th and early 20th centuries, Americans had a much easier time rising above the station into which they were born than their counterparts in Britain, according to economic historian Joseph Ferrie. Now, a poor Moroccan kid in France is much more likely to move into the middle class than a child born into a poor family in Mississippi. (The US and Britain are usually seen as having the lowest intergenerational social mobility of the countries of Europe and North America. That means our ultimate earnings are now heavily correlated with those of our parents.