The Real Reason Incomes Rise and Why They Drop

The real reason incomes rise and why they drop

Getting ahead financially is mainly about what you earn at work, not what you make from investments. Researchers found that promotions, skills, and better jobs drive most upward income movement. But when people slip backward, falling investment income is usually the main reason. Labor builds income steadily; capital is riskier and more unpredictable.

Upward Mobility Is a Better Measure of Justice Than Income Equality

A free society should be judged less by who becomes wealthy than by how easily people can improve their circumstances under impartial rules. Who gets wealthy matters less than how.  Income inequality is dominating a national news landscape primed for questions of affordability, contrasted with ever-growing private fortunes on the other. Socialists in the New York Mayor’s  treat wealth concentration as one of America’s defining political problems…