The Rich Get More Educated and Richer

Education is an important part of the individual's future success in today's society. The traditional model that we are taught to obey is to achieve good grades in high school so that we can enter a good university to get a good, high salary job. But if the main elements of our education are somewhat hindered by sociological influences it is correct to assume that our future success will also be affected. An example of sociological influence on the educational system can be found in Lowell.

Inequality is rising. We are listening to a lot about what wealthy people are richer and poor people get poorer. I also hear a lot about educational inequality. While a small number of elites have achieved high academic background, the lower grades of university education are behind schedule. These two kinds of inequalities are not irrelevant. But one important difference is that the economic elite is not complaining. A highly educated achievement owner and his parents are not satisfied with the current situation. Of course, they are ultimately pleased to be at the top of the distribution, but they are very dissatisfied with what they need to reach their destination. High risk test, pressure cooker competition at elite college, increased homework and AP course all help children sacrifice childhood on achievement altar. Students are involved in educational weapons competition. These are educational steroids

We are certainly in a world where rich people become rich. In fact, however, wealthy cities are becoming increasingly wealthier (see also), wealthier people are getting richer. (Land ownership to promote inequality and the central nature of real estate value, and details on the role of policy in this process). Population declines in rural areas and remote areas and the aging of the industrialized countries as a whole will have a primary impact on macroeconomics. My book with Joon Yun (dialogue with them will help to stimulate this article), this amazing piece from the Wall Street Journal, and this recent incident from the incident in Puerto Rico. (Relevant: Does debt create someone? This is there.)