PS 106 Lecture Notes - Lecture 8: Meritocracy
9 Nov 2017
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We have a ton of mills that have seemed to close up and not only did they close up, but they"ve been torn down and removed. The wealthy have more opportunities and fewer struggles. More likely to be born w socioeconomic advantage. 3 times more likely than 99 percenters to work 50+ hours per week. 27% both partners in couple have a graduate degree. Have more children than middle or upper class families. Economic factors, especially skill-biased technological change, greater scale, and their interaction. Wealthy people pay their share in charity.
