Elitism –> Wealth

Source: Psychology Today, Aug 2019

we discovered that from 2002-2016, the billionaires who earned their money in the technology—and especially the finance and investments—sectors have increasingly attended elite schools.

In 2002, 62 percent of the finance and investments sector were elite educated, whereas in 2016, a full 73.5 percent were elite educated. For technology, the numbers were 50 percent and 63 percent, respectively.

the economist Greg Mankiw stated, “changes in technology have allowed a small number of highly educated and exceptionally talented individuals to command superstar incomes in ways that were not possible a generation ago.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.