Malcolm Gladwell’s insightful piece on the post-Katrina
developments in New Orleans:
Gladwell notes:
““The main lesson of our analysis is that intergenerational mobility is a local problem,” the economists Raj Chetty, Nathaniel Hendren, Patrick Kline, and Emmanuel Saez conclude in a landmark study of U.S. economic mobility, published last year. They mean that the things that enable the poor to enter the middle class are not primarily national considerations—like minimum-wage laws or college-loan programs or economic-growth rates—but factors that arise from the nature of your immediate environment.”
““The main lesson of our analysis is that intergenerational mobility is a local problem,” the economists Raj Chetty, Nathaniel Hendren, Patrick Kline, and Emmanuel Saez conclude in a landmark study of U.S. economic mobility, published last year. They mean that the things that enable the poor to enter the middle class are not primarily national considerations—like minimum-wage laws or college-loan programs or economic-growth rates—but factors that arise from the nature of your immediate environment.”