"When I speak about the "tyranny of choice," I mean an ideology that originates in the era of post-industrial capitalism. It began with the American Dream - the idea of the self-made man, who works his way up from rags to riches. By and by, this career concept developed into a universal life philosophy. Today we believe we should be able to choose everything: the way we live, the way we look, even when it comes to the coffee we buy, we constantly need to weigh our decision. That is extremely unhealthy."

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The latest research on social mobility showed that there's a large aggregate decline in the U.S. in your chances of earning more than your parents. But I think where the story becomes more optimistic one is that there are pockets of America, where children from low-income families have significant chances of rising up in the income distribution. This finding of big geographic variation is an encouraging one because it shows that there are places where we see the American Dream thriving and we simply need to understand how can we replicate those successes elsewhere throughout the country.

— Raj Chetty