of opportunityhigher unemployment, higher poverty rates. We took on more debt financed by a juiced-up housing market. . One study finds that growth is more fragile and recessions are more frequent in countries with greater inequality. . Now is the time, by the way, for us to. So we're going to need to cooperate internationally because tax evasion, tax avoidance, money laundering - these things are all taking place in a global financial system, and if we can't cooperate with other countries it makes it harder for us to crack down.
And given the delegate math, do you think it's time for Bernie Sanders to step aside on the Democratic side? See his PowerPoint slides here.) There, Putnam urged the audience to get beyond talking about poverty and race and start thinking about social mobility and class instead: "Those two conceptual moves, framing it as poverty and thinking about it as a matter of race, have. It creates a vicious cycle. . And because of upward mobility, the guy on the factory floor could picture his kid running the company some day. And if that happens, then I'm confident our democracy will work. This is something that would not only help those individuals who are getting a bigger paycheck, but it also means theyre spending more, and that would be a boost to business.
And it's going to continue to get worse. And as a consequence, some of the social patterns that contribute to declining mobility that were once attributed to the urban poor thats a particular problem for the inner city: single-parent households or drug abuse it turns out now were seeing that pop up everywhere. So let me repeat: The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of life, and what we stand for around the globe. . So what drives me as a grandson, a son, a father as an American is to make sure that every striving, hardworking, optimistic kid in America has the same incredible chance that this country gave. .
Both candidates believe that we should invest in our infrastructure and put more people back to work. "Non-white folks with a college education are looking more and more like white introduction paragraph hook bridge thesis folks with a college education and white folks who haven't gotten beyond high school are looking more and more like nonwhite folks who haven't finished high school.". President, whats your message to Democratic voters who have yet to cast their vote, who may be hesitant to vote for the Democratic frontrunner because of the ongoing email scandal and investigation? Q Mr. I reported on Putnam's then-unpublished study of the transformation of American classes and the implications for social mobility after a discussion at the Aspen Ideas Festival in 2012. Were going to need targeted initiatives to close those gaps. How are they going to pay for it? Both candidates believe that we should pass a comprehensive immigration reform policy that makes sure we're enforcing laws and improving our legal immigration system and making sure our borders are secure, but also that we continue to enjoy the incredible boost that we get from. And it is not simply a moral claim that Im making here. .
Please, please have a seat. . And I'm assuming that's not something that hes in favor. Today, virtually all. . But we know that peoples frustrations run deeper than these most recent political battles. .