Los Angeles Times: Obama's Speech to Focus on Income Inequality and Social Mobility
In his State of the Union address Tuesday night, President Obama tried to recharge his presidency by discussing the expansive divide between rich and poor in America.
It's a crucial issue, and one with no easy solutions.
What Obama is unlikely to dwell on in his speech, however, is that inequality and mobility have vexed the U.S. economy for more than 30 years.
Entrenched social forces, such as the increase in single-parent homes among low-income people and the increasing tendency of the highly educated to marry one another, exacerbate wealth and mobility trends, experts say.
"There really is no silver bullet to enhancing economic mobility," said Erin Currier, who studies the issue at the Pew Charitable Trusts. "It isn't going to be any easy one-off solution. A host of things matter, and they matter simultaneously."
Read the full article at www.latimes.com/business/.