“This is my graph of the year — known as The Great Gatsby Curve. The Great Gatsby Curve draws on the research of Canadian economist Miles Corak and was widely popularized in a January 2012 speech by Alan Krueger, chairman of the Council of Economic Advisors. The Great Gatsby Curve is this year’s most important chart because it shows how social mobility declines as income inequality increases. At a time of rising income inequality, this is a hugely important finding because it suggests that the widening economic chasm imperils one of the characteristics many Americans believe is central to their society.”
