Universities are backing themselves into a dangerous corner by becoming more expensive at the same time they're becoming less necessary.
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America is becoming more and more a classist society as wealth inequality swells to historically unprecedented levels — a new gilded age. And “where” your degree came from is a strong class signifier for this gilded age.
FWIW inequality doesn't automatically imply classism. It only yields classism if children's wealth = parents'. And neither Bezos's nor Gates's nor Buffet's nor Zuck's (the list goes on) parents were billionaires.
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Not many billionaires in the seventies.
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This is a big mistake people (including most reporters and even some economists) make about trends in stratification. If the top .1% had x% of wealth at t1 and x+n% at t2, that doesn't imply the rich got richer except to the extent the top .1% are the same people at both times.
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While a good point, I think that those are just small parts of the rich population: some degree of them join and some leave, but I suspect the bulk of the fortunes remained and grew.
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>nor Gates's nor Buffet's Just simple folk, US Senators and founders of billion dollar lawfirms. Riff-raff basically.
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But they were all quite rich. Inequality and classism isn’t just reserved for the 0.1%.
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Maybe include someone who didn’t go to an Ivy when arguing they don’t matter. (Fully willing to concede that the education provided doesn’t matter.)
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This is silly you cherry pick 4 billionaires when studies have been done and data shows that the best way to get rich and stay rich is to be born into a wealthy family.
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