On today’s Morning Joe, Steven Rattner shows Alan Krueger’s famous Great Gatsby curve to explain how the U.S. lags behind several European countries in terms of both income inequality and income mobility. He also shows that even within the U.S., location matters for income mobility. Click here for charts.
The MJ panel talks about the criticism of the budget bill including the expiration of unemployment benefits and the cuts to military retirees’ benefits. They also talk about the relationship between inequality and immobility and the impact on education.
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