I suggest you re-examine the charts. It suggests that 68% of people born in the bottom quintile ($20k/household/yr) either stay in that quintile, or do not make it past the 2nd quintile ($40k/household/yr).The chart shows that economic mobility is exactly in sync with reality. Only 43% of children raised in bottom income households are likely to remain in such households....
If our economy exhibited perfect equality (which, realistically, no one expects), then everyone born into any quintile would have an equal chance of ending up in any other quintile.
Further, I was pointing out that perceptions are completely out of whack with actual current rates of income inequality:
Link please?This has already been studied extensively. The bottom 50% in 1975 were at the Top 40% 16 years later. Among 25 year olds and older who filed their income tax returns in 1996, by 2005, their incomes rose 91%.
Oh, I see what I've missed. A misleading statistic. It looks a little bit different when adjusted for inflation....Wages haven't flatlined in 40 years. You'd see that if you measure wages on their own merits.