I was scrolling through YouTube and came across this video by The Economist (video is very much in the context of London and the US so do take that into account, nonetheless, it is still an interesting video to take a look at), the title is definitely very eye-catching but the main point of the video is how you might think climbing the social ladder now is much easier compared to your parent’s time but unfortunately it’s not the case as opportunities are not there for the general population. The video starts by explaining how the neighbourhood you grow up in affects your chances of moving up the income levels where being at the ‘bottom’ means you have a lower chance.
The land of opportunities, America? A Senior Fellow they interviewed mentioned that America is the poster child for rising income and wealth inequality hence making the chances for...