Income Mobility Quotes & Sayings

Labour ministers often look puzzled when reports show that Britain has one of the lowest levels of social mobility in the developed world. They just don't get it. They see poverty, inequality, fairness, as all about income. For the past 12 years, they have relied on tax credits to solve this. But tax credits do not solve poverty: they mask it. — Theresa May

We must learn to think in terms of an articulated structure that can cope with a multiplicity of small-scale units. If economic thinking cannot grasp this it is useless. If it cannot get beyond its vast abstractions, the national income, the rate of growth, capital/output ratio, input-output analysis, labour mobility, capital accumulation; if it cannot get beyond all this and make contact with the human realities of poverty, frustration, alienation, despair, breakdown, crime, escapism, stress, congestion, ugliness and spiritual death, then let us scrap economics and start afresh. — Ernst F. Schumacher

As far as income goes, there are three currencies in the world; most people ignore two. The three currencies are time, income and mobility, in descending order of importance. Most people focus exclusively on income. — Timothy Ferriss

The difference between rich and poor is becoming more extreme, and as income inequality widens the wealth gap in major nations, education, health and social mobility are all threatened. — Helene D. Gayle

The sharp reduction in income inequality that we observe in almost all the rich countries between 1914 and 1945 was due above all to the world wars and the violent economic and political shocks they entailed (especially for people with large fortunes). It had little to do with the tranquil process of intersectoral mobility described by Kuznets. — Thomas Piketty

Ex-slaves, in large part, shared a different economic vision. They were "always on the move," searching for family, denying their labor to "dishonest or oppressive employers," and asserting their independence through their mobility. Rather than staying in place, working as much as possible for a high a wage as possible, and thus possibly accumulating a greater array of material good, a large number of freedpeople sought not to maximize income but to minimize the amount of "time spent at work on other people's behalf. — Elsa Barkley Brown

Health, social life, job, house, partners, finances; leisure use, leisure amount; working time, education, income, children; food, water, shelter, clothing, sex, health care; mobility; physical safety, social safety, job security, savings account, insurance, disability protection, family leave, vacation; place tenure, a commons; access to wilderness, mountains, ocean; peace, political stability, political input, political satisfaction; air, water, esteem; status, recognition; home, community, neighbors, civil society, sports, the arts; longevity treatments, gender choice; the opportunity to become more what you are
that's all you need — Kim Stanley Robinson

Three ingredients of luxury lifestyle design are time, income, and mobility. — Tim Ferriss

(a) Recent U.S. income growth primarily occurs at the top 1 percent of the income distribution. (b) As a result there is growing inequality. (c) And those at the bottom and in the middle are actually worse-off today than they were at the beginning of the century. (d) Inequalities in wealth are even greater than inequalities in income. (e) Inequalities are apparent not just in income but in a variety of other variables that reflect standards of living, such as insecurity and health. (f) Life is particularly harsh at the bottom - and the recession made it much worse. (g) There has been a hollowing out of the middle class. (h) There is little income mobility - the notion of America as a land of opportunity is a myth. (i) And America has more inequality than any other advanced industrialized country, it does less to correct these inequities, and inequality is growing more than in many other countries. — Joseph E. Stiglitz

We were postwar middle-class white kids living in the slipstream of the greatest per-capita rise in income in the history of Western civilization; we were 'teen-agers' - a term, coined in 1941, that was in common usage a decade later - a new, recognizable franchise. We had money, mobility, and problems all our own. — John Lahr

Low-income Americans' potential for mobility is often impaired by family breakdown, cultural dysfunction, and the polarization of norms — Yuval Levin