While we noted the top-down dismal demise of the American Dream of upward mobility over the weekend, Bloomberg has crunched the numbers and ranks the 50 most populous cities in the US on the difficulty of obtaining upward mobility in a low-wage job. The American dream is hardest to achieve in… Miami.
METHODOLOGY: Using the fast-food industry as a proxy, four jobs were selected to create the employment-weighted composite fast-food worker pay for each MSA: combined food preparation and serving workers, including fast food; cooks, fast food; counter attendants, cafeteria, food concession, and coffee shop; and food-preparation workers. The “immobility score” was based on three factors that promote upward mobility: housing, a college degree and health-care coverage.
For full methodology, see here.
Source: Bloomberg
via Zero Hedge http://ift.tt/Ppn8r5 Tyler Durden