Winship on the Great Gatsby Curve

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From the Article:

The Great Gatsby Curve, you may recall, was a chart revealing a strong statistical correlation across countries between household income inequality and men’s earnings mobility.

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All right, time to ditch our framing device. You take our point? The evidence across local job markets in the United States throws severe doubt on the idea that income inequality harms opportunity (and it makes a hash of the empirical basis for the left’s “middle-out” sloganeering). As we and others have shown, as evidence goes, the Great Gatsby Curve is paper thin. 

Source: Scott Winship and Donald Schneider, The Great Gatsby Curve Revisited, Part I," e21, December 30, 2013