Every Friday a member of the editorial board speaks with a prominent figure from the University or surrounding community. This week Gabriella Kostrzewa sat down with the chairman of UNC’s economics department, Patrick Conway, to talk about economic mobility in the South.
A recent study out of Harvard University and the University of California, Berkeley has sent shockwaves through the South.
According to the study, upward social mobility — the ability to move from the bottom rungs of society to the top — is essentially non-existent in the South, particularly in Raleigh and Charlotte.
While chairman of UNC’s department of economics Patrick Conway thinks the study provides valuable insight, he says the bigger question to ask is what percentage of people born in the bottom stay there throughout their lives.
“More important is perhaps the chance to move up. In other words to improve your station in life.”
The study, Conway argues, only examined people moving from one extreme to another — from rags to riches. It should have been more multidimensional and less extreme. It is still valuable to study those that move up in life but do not come from destitute poverty or end in luxurious wealth.
“We want everyone at the bottom to have the opportunity to improve whether they get right to the top or not. If you think of the American dream, it is that each family has the opportunity to live better than their parents did.”
If the perception this study espouses is adopted, it could have drastic implications on what people think to be the American Dream and the ability to achieve it. It will no longer be something people can believe in.
Another caveat Conway points out is that the study only examined children born in 1980-82, meaning that the education system they grew up with is vastly different than the one currently educating North Carolina children.