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The US has very low average/median social mobility (and it'll only get worse due to insane education policies and less standardized testing), but it has very hi
by miki123211 2y ago
The US has very low average/median social mobility (and it'll only get worse due to insane education policies and less standardized testing), but it has very high variance.
Going from $15k a year to $150k is a lot more common in Europe,, but doing from $150k to $150m is a lot more common in the US, and it's the latter that creates most of the value.
- cycomanic 2y agoYou know that Sweden has a higher percentage of self made billionaires than the US? https://www.independent.co.uk/news/business/comment/sweden-billionaires-per-capita-us-spotify-eurovision-b2542893.html https://www.independent.co.uk/news/business/comment/sweden-b...