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It can be difficult to overcome initial conditions and shine if you are locked out of the best opportunities. The bimodal outcomes for law school graduates are
by tibbetts 5y ago
It can be difficult to overcome initial conditions and shine if you are locked out of the best opportunities. The bimodal outcomes for law school graduates are a good example. That’s not how the whole economy works, but it is a potential failure mode.
https://www.biglawinvestor.com/bimodal-salary-distribution-curve/ https://www.biglawinvestor.com/bimodal-salary-distribution-c...
- zhdc1 5y ago> That’s not how the whole economy works, but it is a potential failure mode There are others. E.g., if you're line of work doesn't allow for high-status recognition (e.g., a blue collar job), being good at what you do will likely not allow you to benefit from reputation -> status transfer.