The Downward Slope of Upward Mobility in a Global Economy

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Advances in Education in Diverse Communities: Research, Policy and Praxis

ISSN: 1479-358X
Series editor(s): Professor Carol Camp-Yeakey

Subject Area: Education

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Document Information:
Title:	The Downward Slope of Upward Mobility in a Global Economy
Author(s):	Carol Camp Yeakey, David L. Shepard
Volume:	8 Editor(s): Carol Camp Yeakey ISBN: 978-1-78052-032-2 eISBN: 978-1-78052-033-9
Citation:	Carol Camp Yeakey, David L. Shepard (2012), The Downward Slope of Upward Mobility in a Global Economy, in Carol Camp Yeakey (ed.) Living on the Boundaries: Urban Marginality in National and International Contexts (Advances in Education in Diverse Communities: Research, Policy and Praxis, Volume 8), Emerald Group Publishing Limited, pp.3-22
DOI:	10.1108/S1479-358X(2012)0000008006 (Permanent URL)
Publisher:	Emerald Group Publishing Limited
Article type:	Chapter Item
Abstract:	This chapter examines the unraveling of the social contract and the social welfare safety net for the poor and vulnerable populations in many countries following the Great Recession which began in 2007 and ended in 2009. Analyzing data on income inequality, links between individual and parental earnings, and intergenerational poverty data, among others, this chapter dispels the notion of trickle-down economics, the notion that the benefits of economic growth automatically trickle down to the disadvantaged. The growing divisions between the “haves” and “have-nots” point toward growing inequality and marginality on a global scale.