Economic mobility
Coverage of Economic mobility in the Nexus archive.
- NCDOT touts $300 million in additional community benefits if I-77 toll project revived
North Carolina Department of Transportation (NCDOT) Secretary Daniel Johnson outlined up to $300 million in additional community investments if the I-77 South toll lane project proceeds, emphasizing economic mobility, neighborhood stability, and corridor reconnection. The project would receive $600 million in state funding plus $100 million in bonus allocation funds, with goals to support small businesses, create 6,000 jobs, and minimize displacement of residents.
- Alliance for America’s Skilled Trades: Skilled trades shaped America’s past. Here’s how they can build America’s future
The Alliance for America’s Skilled Trades, formed by BlackRock, Carhartt, Ford Motor Company, and Google, aims to address a projected 2.1 million unfilled skilled trades jobs by 2030 through expanded training and workforce development. The initiative focuses on modernizing infrastructure and creating economic opportunities by increasing access to skilled trades careers.
- Former Obama official on AI anxiety and the depression nobody remembers — and the training model that gives him hope
The article compares the economic turmoil of the 1893 depression to potential modern challenges from AI-driven technological disruption, highlighting rising unemployment and economic inequality. It discusses how past policy choices have reduced economic mobility and introduces 'Claude Corps,' an AI-focused initiative by Anthropic co-founder Daniela Amodei to support organizations addressing societal needs.
- ‘The golden years are not golden’: Boomers are hoarding most of America’s wealth and power because they’re terrified of outliving their money
Baby Boomers hold significant wealth and power in America but many are financially unprepared for retirement, facing anxiety over outliving their savings. Structural issues like housing affordability and economic mobility challenges, combined with health risks and market uncertainties, trap many Boomers in unaffordable homes and jobs they cannot quit.
- This factor may determine whether you get rich. You don't control it.
A new study reveals that family wealth is a significant determinant of homeownership, often playing a more crucial role than earning a good salary. The research suggests that securing a well-paying job may be insufficient for purchasing a home without existing family financial resources.