While we noted the top-down dismal demise of the American Dream of upward mobility over the weekend [2], 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.
[3]
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. [4]
Source: Bloomberg