Back in the 1990s then-President Clinton said those who work hard should make it into the middle-class.
That might not be true anymore.
There's an interesting story in the Commercial Appeal about the broken link between working hard and making it.
In the article there's this interesting observation:
Memphis, like many U.S. cities, talks constantly about a skills shortage and low wages. In Memphis and Shelby County, about 102,000 of the nearly 350,000 households report annual income of $25,000 or less, including government assistance.
High dropout rates and flawed public schools are said to contribute to both low skills and low wages. Sure, wages are low, the thinking goes, because people are uneducated. Wait a second, though. Here’s where the uncomfortable truth fits in. Memphis may be under-educated, but it is not uneducated.
Almost nine in 10 adults ages 25 to 64 residing in Memphis and Shelby County have a high school degree; 38 percent hold two-year college degrees; 31 percent have four-year degrees. These rates almost match the statewide average for high school diplomas and exceed the other two rates, according to data presented by the Tennessee Department of Economic and Community Development.
Read the whole story at the Commercial Appeal.