"In fact, if the last generation is any guide, your child growing up in the top two-fifths today will have a 60 percent chance of being in the top two fifths as an adult."
Great that means that 40% of the top two-fifths will be from people who earned their way up, instead of being born into it. Tyranny of meritocracy indeed, I mean what kind of uppity lower class kids are we raising who think they can earn wealth instead of inheriting it!
Great that means that 40% of the top two-fifths will be from people who earned their way up, instead of being born into it. Tyranny of meritocracy indeed, I mean what kind of uppity lower class kids are we raising who think they can earn wealth instead of inheriting it!