mirror of https://github.com/LeOS-GSI/LeOS-Genesis
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54 lines
3.5 KiB
HTML
Executable File
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<h2>The U.S. has long been heralded as a land of opportunity -- a place where anyone can
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succeed regardless of the economic class they were born into.</h2>
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<p> But a new report released on Monday by <a
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href="http://web.stanford.edu/group/scspi-dev/cgi-bin/" target="_blank">Stanford
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University's Center on Poverty and Inequality</a> calls that into question. </p>
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<p> The report assessed poverty levels, income and wealth inequality, economic mobility and
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unemployment levels among 10 wealthy countries with social welfare programs. </p>
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<div id="smartassetcontainer">
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<p> Powered by SmartAsset.com </p>
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</div>
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<p> Among its key findings: the class you're born into matters much more in the U.S. than
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many of the other countries. </p>
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<p> As the <a
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href="http://web.stanford.edu/group/scspi-dev/cgi-bin/publications/state-union-report"
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target="_blank">report states</a>: "[T]he birth lottery matters more in the U.S.
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than in most well-off countries." </p>
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<p> But this wasn't the only finding that suggests the U.S. isn't quite living up to its
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reputation as a country where everyone has an equal chance to get ahead through sheer
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will and hard work. </p>
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<p>
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<a href="http://money.cnn.com/2016/01/11/news/economy/rich-taxes/index.html?iid=EL"><span>Related: Rich are paying more in taxes but not as much as they used to</span></a>
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</p>
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<p> The report also suggested the U.S. might not be the "jobs machine" it thinks it is, when
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compared to other countries. </p>
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<p> It ranked near the bottom of the pack based on the levels of unemployment among men and
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women of prime working age. The study determined this by taking the ratio of employed
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men and women between the ages of 25 and 54 compared to the total population of each
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country. </p>
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<p> The overall rankings of the countries were as
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follows:<span> <br/>1. Finland <span> <br/>2. Norway<span> <br/>3. Australia <span> <br/>4. Canada<span> <br/>5. Germany<span> <br/>6. France<span> <br/>7. United Kingdom <span> <br/>8. Italy<span> <br/>9. Spain<span> <br/>10. United States </span></span>
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</span>
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</span>
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</span>
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</span>
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</p>
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<p> The low ranking the U.S. received was due to its extreme levels of wealth and income
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inequality and the ineffectiveness of its "safety net" -- social programs aimed at
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reducing poverty. </p>
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<p>
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<a href="http://money.cnn.com/2016/01/05/news/economy/chicago-segregated/index.html?iid=EL"><span>Related: Chicago is America's most segregated city</span></a>
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</p>
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<p> The report concluded that the American safety net was ineffective because it provides
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only half the financial help people need. Additionally, the levels of assistance in the
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U.S. are generally lower than in other countries. </p>
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<p><span> CNNMoney (New York) </span>
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<span>First published February 1, 2016: 1:28 AM ET</span></p>
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