The problem is, that alongside increased inequality, we've seen diminished levels of upward mobility in recent years. A child born in the top 20 percent has about a two in three chance of staying at or near the top. A child born into the bottom 20 percent has a less than one in 20 shot at making it to the top. He's 10 times likelier to stay where he is."
Christopher Hale of Catholics in Alliance for the Common Good released the following statement on President Obama's speech on equality:
Catholics across the nation are excited to hear that President Obama is taking up a new initiative to combat the scandal of inequality that plagues our nation. It is clear that the President is taking Pope Francis's message to heart. Catholics stand with our Church leadership and the President in supporting an increase to the federal minimum wage as a first step in the long road ahead to ending the inequality that has built up in our country over the past thirty years.
We were glad that the President quoted Francis's words on inequality, and as Catholics in the United States we make them our own: "How can it be that it's not a news item when an elderly homeless person dies of exposure, but it is news when the stock market loses two points?"
Now is the time for Americans to come together and find real and lasting solutions to this epidemic.
President Obama's Citation of Pope Francis