This article by Jared Bertstein published in the Economix blog of the NYT is WORTH A READ. Check it out!
As I focused on the headline theme in the US, my mind wandered to Europe where the problems are similar but also very different. There is currently an enormous disparity between North and South Europe caused by the Euro and European economic policy that is causing inequality and social imobility. Let me express it differently as an open question:
How should European policy be improved to reduce inequality between both European countries, and social classes within countries, to promote greater social mobility?