Showing posts with label population. Show all posts
Showing posts with label population. Show all posts

Oct 22, 2009

rich, dumb, and lazy vs. poor, smart, and industrious

"The study found that family background exerts a stronger influence on a person’s income than even his education level. And its most striking finding revealed that you are more likely to make your way into the highest-earning one-fifth of the population if you were born into the top fifth and did not attain a college degree than if you were born into the bottom fifth and did. In other words, if you regard a college degree as a rough proxy for intelligence or hard work, then you are economically better off to be born rich, dumb, and lazy than poor, smart, and industrious."
http://www.tnr.com/article/books-and-arts/wealthcare-0?page=0,2