Gonzalo Schwarz from The Archbridge Institute discusses policies impacting social mobility, the importance of entrepreneurship, analyzing state policies, indicators impeding progress, human flourishing beyond financial success, and fostering agency to overcome barriers.
Various factors such as entrepreneurship and social capital impact social mobility positively or negatively.
Policies addressing barriers like occupational licensing laws and promoting entrepreneurship are key for enhancing social mobility.
Deep dives
Factors Affecting Social Mobility
Social mobility is influenced by various factors such as entrepreneurship, rule of law, education, and social capital. These pillars affect individuals differently throughout their lives, either acting as barriers or facilitators at different stages.
Policy Impact on Social Mobility
Policies play a crucial role in promoting social mobility by addressing factors like occupational licensing laws, state tax systems, and regulations. Focusing on entrepreneurship and job creation is highlighted as essential for enhancing opportunities for individuals to progress economically.
Broadening the Perspective on Social Mobility
Moving beyond a static definition of social mobility based on income comparison between generations, the concept is viewed as the economics of human flourishing. Emphasizing economic freedom, agency, and broader aspects beyond income, the discussion aims to foster a more holistic approach to facilitating mobility and personal growth.
Social mobility means helping people improve their prospects for creating and building long-term wealth. What stands in the way? The Archbridge Institute's Gonzalo Schwarz discusses what he's learned.