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Yeah those parents are all upper middle class. None of them are at all comparable to the owners of a company like VW, Tesla, or Amazon. And none of them were "
by leereeves 4y ago
Yeah those parents are all upper middle class. None of them are at all comparable to the owners of a company like VW, Tesla, or Amazon.
And none of them were "heirs who own the majority of stock" nor support your claim that "just because the companies change doesn't mean the owners do".
Edit to reply: You don't need to tell me about the social mobility of people living in poverty. I was born into a family of construction workers, and escaped poverty by learning to program. I know from experience that new businesses create opportunities to escape poverty, even if that isn't measured or sufficiently weighted by the index you cited.
- malermeister 4y agoYou can call it "upper middle class" all you want, but to the vast majority of the population those folks would simply be "rich". I'm not as concerned as you with the various strata of richness and the mobility between them. I'm much more concerned with the social mobility of people living in poverty, which is pretty bad in the US compared to Europe. [0] Key factor in that? Unions. [0] https://en.m.wikipedia.org/wiki/Global_Social_Mobility_Index https://en.m.wikipedia.org/wiki/Global_Social_Mobility_Index
- SamReidHughes 4y agoThe thing you're linking doesn't even measure social mobility, it just calls itself a social mobility index.