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The American Dream Is Hardest To Achieve In...

Tyler Durden's picture




 

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

 

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Tue, 03/11/2014 - 14:30 | 4535099 Sudden Debt
Sudden Debt's picture

those cubans in Miami just can't catch a break...

Tue, 03/11/2014 - 14:32 | 4535110 TruthInSunshine
TruthInSunshine's picture

The American Dream Circa 2014 - http://www.youtube.com/watch?v=ZPWH5TlbloU

Tue, 03/11/2014 - 14:49 | 4535204 Skateboarder
Skateboarder's picture

You see the godless, cultureless monkeys on television parading around in the nude with constant lewd conduct with a penchant for the obscene (fiat-debt, destructive man-woman relations, undoing of the family, etc.)? The agenda was to drive humans around the world to be like them. America was the pilot nation, and it 'exported' little Americas to the rest of the world, where culture once flourished. It's all dying, and it's up to all of us to make the choice to keep it alive.

Tue, 03/11/2014 - 14:50 | 4535209 The Juggernaut
The Juggernaut's picture

So you're sayin' theres a chance!

Tue, 03/11/2014 - 16:27 | 4535623 Troll Magnet
Troll Magnet's picture

Notice how most of those cities are run by liberals?

Tue, 03/11/2014 - 18:01 | 4535903 Boris Alatovkrap
Boris Alatovkrap's picture

Where is Moscow on chart!?

Tue, 03/11/2014 - 20:04 | 4536349 0b1knob
0b1knob's picture

Where's Terre Haute on that chart.

Tue, 03/11/2014 - 14:51 | 4535210 The Juggernaut
The Juggernaut's picture

Duped... Weird.

Tue, 03/11/2014 - 14:58 | 4535238 cossack55
cossack55's picture

All things die, up to and including planets, suns, galaxies.  I don't think cultures are immune.

Tue, 03/11/2014 - 15:41 | 4535433 Skateboarder
Skateboarder's picture

When the last star dies, this universe will be a very cold place. Until then, we have a chance to have real culture instead of manufactured pop culture.

Tue, 03/11/2014 - 16:00 | 4535524 Froman
Froman's picture

The details of my life are quite inconsequential. Very well, where do I begin? My father was a relentlessly self-improving boulangerie owner from Belgium with low grade narcolepsy and a penchant for buggery. My mother was a fifteen year old French prostitute named Chloe with webbed feet. My father would womanize, he would drink, he would make outrageous claims like he invented the question mark. Some times he would accuse chestnuts of being lazy, the sort of general malaise that only the genius possess and the insane lament. My childhood was typical, summers in Rangoon, luge lessons. In the spring we'd make meat helmets. When I was insolent I was placed in a burlap bag and beaten with reeds, pretty standard really. At the age of 12 I received my first scribe. At the age of fourteen, a Zoroastrian named Vilma ritualistically shaved my testicles. There really is nothing like a shorn scrotum, it's breathtaking, I suggest you try it.

Tue, 03/11/2014 - 16:19 | 4535596 Skateboarder
Skateboarder's picture

That's quite the life Froman! Do you have Vilma's number? ;)

Tue, 03/11/2014 - 16:26 | 4535621 Froman
Froman's picture

Your line "godless culture monkeys with a penchant for the obscene" ...Loved that line! reminded me of the speech from Dr. Evil... I could not resist ;-)

Tue, 03/11/2014 - 17:30 | 4535818 TruthInSunshine
TruthInSunshine's picture

"Manufactured pop culture..."

So you are saying that there will be a day when Ukraine, Fukishima, the designing paper money by the Banking England & cohort Central Banks,the criminal activities of the Bank of International Settlements & New York Branch of The Federal Non-Reserve, Syrian Liver Eater Al-CIAda Mercenaries, financial raping of taxpayers by the CronyCapitalistOliharchy that owns alleged representatives of alleged sovereign nations, etc., etc., etc., will NOT BE OUTSHADOWED BY A JUSTIN BIEBER VIDEO DEPOSITION?

Tue, 03/11/2014 - 14:38 | 4535141 rotagen
rotagen's picture

Thats 'cuz Miami is the Joosiest town around... 

Tue, 03/11/2014 - 14:45 | 4535174 insanelysane
insanelysane's picture

I remember when the American Dream was getting your name listed in the phone book.

- Navin R. Johnson

Tue, 03/11/2014 - 15:34 | 4535404 kchrisc
kchrisc's picture

But then if you didn't want it listed they charged you.

Fascism, the bedrock of the American nightmare.

Tue, 03/11/2014 - 16:32 | 4535634 Froman
Froman's picture

 He hates these cans. Stay away from the cans!

- Navin R. Johnson

Inventor, Opti-grab

Lord loves a workin' man; don't trust whitey; see a doctor and get rid of it.

Tue, 03/11/2014 - 14:56 | 4535235 Louie the Dog
Louie the Dog's picture

You're about 40 years late. Your "Joos" headed up the coast decades ago. 

Tue, 03/11/2014 - 15:41 | 4535435 g'kar
g'kar's picture

To New Joosey?

Tue, 03/11/2014 - 16:12 | 4535578 Freddie
Freddie's picture

I guess you have not been to Miami Beach.

Tue, 03/11/2014 - 14:31 | 4535107 AmericasCicero
AmericasCicero's picture

It's all a dream we had inside a locked room

Tue, 03/11/2014 - 14:38 | 4535139 OwnSilverPlayMusic
OwnSilverPlayMusic's picture

And like a lot of dreams, there's a monster at the end.  Glad I'm not the only True Detective fan around here

Tue, 03/11/2014 - 14:44 | 4535164 TruthInSunshine
TruthInSunshine's picture

It's a Creature, and it hails from Jekyll Island, bitchez.

Tue, 03/11/2014 - 17:55 | 4535890 Flakmeister
Flakmeister's picture

The real creatures were the Dulles Bros. and the law firm Sullivan and Cromwell...

Tue, 03/11/2014 - 14:31 | 4535108 pragmatic hobo
pragmatic hobo's picture

i think i would rather be homeless in miami than work for macd in st-louis ...

Tue, 03/11/2014 - 14:37 | 4535136 LetThemEatRand
LetThemEatRand's picture

In Miami, even the homeless are constantly worried about saving face.

Tue, 03/11/2014 - 14:52 | 4535219 McMolotov
McMolotov's picture

Zombie Rick James: "Bath salts is a hell of a drug."

Tue, 03/11/2014 - 15:13 | 4535319 ParkAveFlasher
ParkAveFlasher's picture

It was hot, and he was hungry.

Tue, 03/11/2014 - 15:04 | 4535264 Frank N. Beans
Frank N. Beans's picture

you ARE pragmatic!

Tue, 03/11/2014 - 14:32 | 4535111 Let them eat iPads
Let them eat iPads's picture

Finally, something positive for St. Louis.

Tue, 03/11/2014 - 14:44 | 4535168 Postal
Postal's picture

I'm surprised St. Louis isn't higher on the list: Everything is freaking expensive here.

Tue, 03/11/2014 - 14:45 | 4535173 negative rates
negative rates's picture

Could it be?

Tue, 03/11/2014 - 14:47 | 4535184 negative rates
negative rates's picture

Hello.

Tue, 03/11/2014 - 14:33 | 4535117 Osmium
Osmium's picture

Somewhat off topic, but funny. 

 

Plug power shares plunge more than 20% after analyst puts fair value at 50 cents.

 

http://blogs.marketwatch.com/energy-ticker/2014/03/11/plug-power-plummet...

Tue, 03/11/2014 - 14:41 | 4535152 Let them eat iPads
Let them eat iPads's picture

PLUG is down 40% from it's intraday high.

The long overdue slaughter of fuel cell stocks is underway.

Tue, 03/11/2014 - 15:05 | 4535283 Frank N. Beans
Frank N. Beans's picture

so, somebody pulled the plug? 

ouch

 

Tue, 03/11/2014 - 14:33 | 4535119 WTFRLY
WTFRLY's picture

It no longer matters, the Hunger Games will be here soon. Enjoy the web while it's still whole.

Tue, 03/11/2014 - 16:24 | 4535613 NemoDeNovo
NemoDeNovo's picture

Oh Puhleaze thats just wishful thinking - Zombie Apocolypse bitchez :)

Tue, 03/11/2014 - 14:33 | 4535121 Grande Tetons
Grande Tetons's picture

Hey, my twitter feed just died. 

Means nothing...however...I am sure that it will go down again one day for all the wrong reasons...one day. 

Tue, 03/11/2014 - 14:34 | 4535127 McMolotov
McMolotov's picture

The American Dream Is Hardest To Achieve In...

America.

Tue, 03/11/2014 - 14:43 | 4535163 somecallmetimmah
somecallmetimmah's picture

Da-dum-dum.  Dumb.

Tue, 03/11/2014 - 14:52 | 4535218 Colonel Klink
Colonel Klink's picture

Gave you a greenie if you're referring to the 'Murikan population as a whole.

Tue, 03/11/2014 - 14:35 | 4535129 LetThemEatRand
LetThemEatRand's picture

Used to work for a guy that had a very insightful saying:  "Want to be worth $1M dollars in Florida quick?  Move to Florida with $2M"

Tue, 03/11/2014 - 14:46 | 4535172 Levadiakos
Levadiakos's picture

The #1 private developer in the U.S., Miami based Jorge Pérez reveals his billionaire secrets for power investors.BR>
Known as the King of Condominiums and the Steven Spielberg of Real Estate, top developer Jorge Pérez reveals his principles for achieving success in even the toughest real estate market through a clear, step-by-step process. Pérez specifies effective business tactics that will lead to evergreen profits, including:

? Key points to smart investing
? Cardinal rules for picking and building property
? Commandments on negotiating the best deal
? Valuable tips on securing equity
? Steps for successfully selling property

Finally, Pérez explains how to manage and grow investments over the long term.

Emphasizing the importance of staying flexible in an ever-changing market, Pérez offers personal anecdotes, key business philosophies, and top insider methods to inspire and motivate any investor or entrepreneur to achieve the ultimate success in real estate.

Perex started his real estate development career without a dime, made $1 million his first year and is now worth billions.

Tue, 03/11/2014 - 15:29 | 4535385 AlaricBalth
AlaricBalth's picture

Nice myth. He is the son of a wealthy prescription-drug-company executive who started as a slum lord with seed capital from daddy. Made plenty of political connections during an alleged scandal plagued tenure as the economic development director city of Miami before launching his development career.

Tue, 03/11/2014 - 15:51 | 4535483 Freddie
Freddie's picture

+1

Also backed by drug money and Russian oligarch gangster loot in Miami, Miami Beach and North Miami Beach.

Tue, 03/11/2014 - 15:24 | 4535370 Kirk2NCC1701
Kirk2NCC1701's picture

The people who promoted "Florida" the most were from New York.  And maybe Chicago.  Enough said.

Tue, 03/11/2014 - 14:36 | 4535134 fijisailor
fijisailor's picture

Hispanics are highly motivated and many have 2 jobs.  The metrics used for this article do not reflect the incredible dirve that Cubans and other immigrants have.

Tue, 03/11/2014 - 15:10 | 4535311 quasimodo
quasimodo's picture

Many here in IA hold down two jobs as well, but still, I always wonder, why when they take a shit they put the feces infested asswipe in the garbage can. Don't tell me it's the poor sewer systems because that generation is long gone. 

Tue, 03/11/2014 - 15:13 | 4535320 fijisailor
fijisailor's picture

If you have your own septic system (not the city's) you don't want it filled or plugged up with TP.

Tue, 03/11/2014 - 19:11 | 4536138 Big Brother
Big Brother's picture

Man, I once worked at a place like that with lots of latino immigrants.  There were wastepaper baskets next to all the toilets that would be filled before emptying.  It made the bathroom really stinky and you made sure never to look in the wastepaper basket.

Tue, 03/11/2014 - 15:57 | 4535513 Freddie
Freddie's picture

I have a friend who used to work down there.  His girlfriend had an aunt with a small store in her apt with stolen property and her dad sold cociana on the side.   I have also seen examples where recent immigrants do not pay taxes and come up with endless ways to get benefits and avoid taxes.  Go away. 

Tue, 03/11/2014 - 18:30 | 4535983 fijisailor
fijisailor's picture

I believe your story but seeing as I live in FL that would be a small minority of hispanics.  The only panhandlers down here are white males down on their luck and unwilling to pick oranges like a Mexican.

Tue, 03/11/2014 - 14:44 | 4535167 Toolshed
Toolshed's picture

All four of Florida's major cities are in the top 10. This is what happens when you allow a criminal to buy the position of governor.

Tue, 03/11/2014 - 14:59 | 4535243 Suisse
Suisse's picture

All the rejects moved here because the weather is nice. 

Tue, 03/11/2014 - 19:15 | 4536151 Big Brother
Big Brother's picture

On the flipside the rejects move away from the northern teir of the midwest because it regularly snows six months out of the year. 

Tue, 03/11/2014 - 15:16 | 4535341 Kirk2NCC1701
Kirk2NCC1701's picture

Plus it has several miltary bases.  No state Income Tax either.  Great for keeping the house (and assets on property) in case of bankruptcy: it worked for Burt Reynolds andfor OJ.

The mandatory Hurricane Insurance, the property taxes, lawn care, pool care, HVAC care... will kill you.  So will the utility bills (AC in the summer).  Nobody ever likes to talk about the TCO (Total Cost of Ownership), unless they're leaving the state. 

FL?  NEVER Again!  Not even to visit.  Sorry.

Tue, 03/11/2014 - 14:45 | 4535175 Rakshas
Rakshas's picture

....... "It's called the American Dream because you've got to be asleep to believe it"...... George Carlin

 

Sounds about right, as a by the by GC warned that they were coming after your pensions next.......

It's a big club and you ain't in it....

Tue, 03/11/2014 - 14:45 | 4535177 giorgioorwell
giorgioorwell's picture

What retarded methodoloy they are using. 

They averaged San Francisco, Oakland and Fremont together like it's one area.  Fremont is probalby half the cost of San Francisco.  That totally invalidates the data. If you just showed San Francisco alone, it should be in the top 5, not at #38??

Useless charting from useless financial media.

 

 

Tue, 03/11/2014 - 14:45 | 4535179 OwnSilverPlayMusic
OwnSilverPlayMusic's picture

It's been posted a million times, and it's important enough to be posted a million more

George Carlin ~ The American Dream http://youtu.be/acLW1vFO-2Q
Tue, 03/11/2014 - 14:48 | 4535201 Jumbotron
Jumbotron's picture

Truest thing on Youtube....or elsewhere.

Tue, 03/11/2014 - 14:46 | 4535182 Itchy and Scratchy
Itchy and Scratchy's picture

Ukraine.

Tue, 03/11/2014 - 14:48 | 4535193 Ness.
Ness.'s picture

Bienvenido a Miami

Tue, 03/11/2014 - 14:59 | 4535246 Suisse
Suisse's picture

Party on the beach while the heat is on.

Tue, 03/11/2014 - 14:48 | 4535197 the grateful un...
the grateful unemployed's picture

yes but does it really matter if you're an upwardly mobile fast worker in Cleveland? on the other hand if i was midlevel management, or entreprenuer, or run a nice bistro, i am barely noticed in NY or LA. if you believe the system is really egalitarian, then the lowest income person is better off where there are the most opportunities, and the guy who has an idea, or a business already may be better off in a market where their work will really stand out. has always been thus i think

Tue, 03/11/2014 - 14:49 | 4535206 buzzsaw99
buzzsaw99's picture

truth is that if you don't have 11 figures socked away by now the ptb don't give a crap about you.

Tue, 03/11/2014 - 14:53 | 4535221 ShrNfr
ShrNfr's picture

Note the % of workers having healthcare coverage in MA is skewed by MittyCare in MA.

Tue, 03/11/2014 - 14:54 | 4535227 Caviar Emptor
Caviar Emptor's picture

The Yuppie dream is over. The whole "wanna be uber" "wanna pretend to have it all" conformist consumerist mentality has died an ugly death.

Sadly, the American dream was confused with the yuppie dream for a very long time. And there is little to replace it.

But dreams can become delusions and dystopias very easily.

Tue, 03/11/2014 - 15:04 | 4535270 Carl Popper
Carl Popper's picture

You dont have to have a yuppie consumerist mentality to advance yourself economically and achieve the american dream.

In fact, that type of mentality will prevent you from taking risk, making sacrifices, and ultimately collecting the wealth to move up

Tue, 03/11/2014 - 15:03 | 4535269 Ex Cathedra
Ex Cathedra's picture

It's Miami, Miami, My Miami for Me!

Old Vistors' Bureau jingle for Miami.

Tue, 03/11/2014 - 15:04 | 4535273 AcidRastaHead
AcidRastaHead's picture

What? Not Miami! What will become of Crockett and Tubbs?

Oh, nevermind:

"Don Johnson is keen to move on and take up the film career that is knocking at his door and to begin a new career as a producer of films and television, while Mann is keen to return to movies. Philip Michael Thomas — the egotistical but likeable young actor – wants to explore other TV and movie roles, while Edward James Olmos, after his tour de force performance in Stand and Deliver is in hot demand for movies. And NBC, the network that runs Miami Vice in the U.S., says that with slowing ratings, and newer hip cop shows like Wiseguy & 21 Jump Street, it is time to call it quits down in Miami and move on."

Tue, 03/11/2014 - 15:11 | 4535313 JimRogers
JimRogers's picture

Is this the American Shoe Throwing Index analog?

Tue, 03/11/2014 - 15:15 | 4535335 Gimp
Gimp's picture

Miami is a great city. This chart is useless drivel - useful in front of the right audience. wink, wink. More hand-outs just vote for me...please.

The immigrants that came to Miami, mainly Cuban and Bahamian worked hard and expected nothing but achieved much more than they could possible dream of back in their old countries. They "worked" for it.

Sadly the people born here are brainwashed into "unrealistic expectations" and are never told  to work hard for it.

That's Life, don't waste it.

 

Tue, 03/11/2014 - 15:17 | 4535337 fijisailor
fijisailor's picture

Want to see a great and very realistic movie about Cubans trying to cross the FL Straits?  "Una Noche"

Tue, 03/11/2014 - 15:26 | 4535373 q99x2
q99x2's picture

The American dream today is to imprison the Globalists and take back the Country. 

Long live the revolution.

Tue, 03/11/2014 - 15:28 | 4535381 wcvarones
wcvarones's picture

Wait a minute.  They are defining "immobility" as the cost of rent and community college, plus not having health insurance?

What does any of that have to do with immobility?  OK, I can see how some naive idiot would think community college leads to a high-paying job, but rent and health insurance?

Tue, 03/11/2014 - 16:03 | 4535540 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

"In this country, you gotta make the money first. Then when you get the money, you get the power. Then when you get the power, then you get the women. "

-Tony Montana

The rest of you all are doing it wrong

Tue, 03/11/2014 - 16:32 | 4535636 Winston of Oceania
Winston of Oceania's picture

My parents owned a restaurant and we had only one career food service employee. She was a waitress, how high up the chain do you think one might get in food service? Of course the rest were part time school aged people so this might just be a shitty indicator of well nothing... Fucking fast food worker upward mobility? Who the fuck thought that shit up on my taxes no less.

Tue, 03/11/2014 - 16:42 | 4535664 Shizzmoney
Shizzmoney's picture

Boston came in 11th.  Isn't gentrification the best?

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