@ozymandias314 "The study found that 42 percent of those whose parents were in the bottom quintile ended up in the bottom quintile...
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Replying to @simplic10
@ozymandias314 ...themselves, 23% of them ended in the 2nd quintile, 19% in the middle, 11% in the 4th and 6% in the top quintile."4 replies 0 retweets 0 likes -
Replying to @simplic10
@simplic10@ozymandias314 Note the correlation between the Gini coefficent and mobility. Note that these factors cut across each other.2 replies 0 retweets 1 like -
Replying to @St_Rev
@St_Rev@simplic10@ozymandias314 This is maybe the least surprising result.5 replies 0 retweets 0 likes -
Replying to @balehman
@balehman@simplic10@ozymandias314 Social mobility may be more restricted in Unjustistan but it has a much bigger real impact.2 replies 0 retweets 0 likes -
Replying to @St_Rev
@St_Rev@simplic10@ozymandias314 Obviously when there's less class difference it's easier to move between classes. Least surprising result.5 replies 0 retweets 0 likes -
Replying to @balehman
@balehman@simplic10@ozymandias314 I'd argue, further, that absolute ability to improve one's circumstances matters more than relative rank2 replies 0 retweets 0 likes -
Replying to @St_Rev
@St_Rev@simplic10@ozymandias314 But there's zero indication that net worth improvements are harder in Denmark than in high Gini countries.3 replies 0 retweets 0 likes -
Replying to @balehman
@balehman@simplic10@ozymandias314 But equality suggests unresponsiveness to all those factors. So yes, net worth improvement *is* harder.3 replies 0 retweets 0 likes -
Replying to @St_Rev
@St_Rev@balehman@simplic10 wouldn't it be better for everyone to have similar high net worth (loss of motivation to work aside)?3 replies 0 retweets 0 likes
@ozymandias314 @balehman @simplic10 ...communicate to strangers what actions are useful and desired. Economic coordination collapses.
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.