MSNBC’s Morning Joe: Income Mobility

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.

Budget plan – no cause for celebration?

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.

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.


Book

“[a] surprisingly modest account…Rattner has a journalistic talent for the telling detail, resulting in a memorable tale of life in the middle of the economic meltdown...Rattner deftly draws portraits of the inhabitants of "the Oval" and the West Wing...Rattner has proved himself a gifted chronicler.”
-Time Magazine

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