Social mobility is a thing. the fact that becoming rich has non-linear payout (e. g. it is expensive to be poor) encourages hard work. If there are no real bar

Social mobility is a thing. the fact that becoming rich has non-linear payout (e. g. it is expensive to be poor) encourages hard work. If there are no real barriers in upward social mobility, it will quickly be apperant that earning a little capital and putting it to work is the best way to spend your life. Over time it will compound and produce even more. Of course, often the best capital to accumulate is skills and education. If the is no real upward social mobility, people will feel indifferent to the idea of producing more value, right now.