Re: how to compare living standards


Jim Blair wrote:
"Ron Peterson" <ron@xxxxxxxxxxxxxx> wrote in message
news:1148698303.092245.70210@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


A hypothesis needs to be stated.

That is mine. Data is needed.

It seems a little vague to me. What is income mobility?

There was a study that showed that the wealthy do start at higher wages
than their equally educated cohorts.

But what about a decade or two later? And if the children of the rich do
better 20 years later, how much of that was because of genetics and how much
was connections?

I think it's a matter of wealth.

Unfortunately, children from the lowest economic quintiles are less
likely to start college.

Likely true. Again, is the reason genetics or culture or opportunity? I
think there are (or used to be) lots of scholarships for poor kids who show
interest and aptitude. And I would like there to be more. (And not only
for kids who are good at big money sports ;-)

It's a matter of wealth and then opportunity. I think that there isn't
much difference between healthy individuals in the ability to perform
work or engage intellectual pursuits outside of that caused by
differences in environment.

--
Ron

.

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