4 ms·
Recently Nassim Taleb said mostly the same thing. That while your average citizen is probably better off in EU versus US, at the same time the average citizen i
by 21 10y ago
Recently Nassim Taleb said mostly the same thing. That while your average citizen is probably better off in EU versus US, at the same time the average citizen is mostly locked into his "class" in Europe, versus US.
https://medium.com/incerto/inequality-and-skin-in-the-game-d8f00bc0cb46 https://medium.com/incerto/inequality-and-skin-in-the-game-d...
- ap3 10y ago(Since he was mentioned earlier as being more powerful than a French Monarch) for reference see: https://en.wikipedia.org/wiki/Larry_Ellison https://en.wikipedia.org/wiki/Larry_Ellison
- toddh 10y agoWhich doesn't seem to mean much as people in the US are in effect locked into class: http://www.economist.com/news/united-states/21595437-america-no-less-socially-mobile-it-was-generation-ago-mobility-measured http://www.economist.com/news/united-states/21595437-america... In 1971 a child from the poorest fifth had an 8.4% chance of making it to the top quintile. For a child born in 1986 the odds were 9%. The study confirms previous findings that America’s social mobility is low compared with many European countries. (In Denmark, a poor child has twice as much chance of making it to the top quintile as in America.) But it challenges several smaller recent studies that concluded that America had become less socially mobile.