Why it’s harder to earn more than your parents | The Economist

The following video is brought to you courtesy of the The Economist YouTube Channel. Click the video below to watch it now.

In the 21st century it’s got harder to earn more than your parents and to climb the social ladder. What’s gone wrong, and what can be done to change this? Film supported by @Mishcon de Reya LLP

00:00 – Why it’s harder to get rich if you’re born poor
03:29 – Social divisions are increasing within society
04:11 – Changing patterns of social mobility over time
05:41 – Education as a determinant of social mobility
09:16 – Class barriers to further education
10:48 – Levelling the playing field
13:59 – Social inequality starts from birth
18:05 – Where you grow up matters
19:23 – The ‘opportunity atlas’ of America
21:48 – The importance of social capital
24:14 – What can governments do?

Like our video content? Take our survey to tell us why: https://econ.st/3oYeC61

Read our latest coverage on the US: https://econ.st/3cuNLac

Listen to our podcast on Social mobility and the American Dream: https://econ.st/3wWlSl2

Sign up to The Economist’s daily newsletter to keep up to date with our latest stories: https://econ.st/3gJBH8D

How has Covid-19 impacted inequality? https://econ.st/3oI9e5u

Watch our video on how modern families increase inequality: https://econ.st/32fJcin

Is the American elite born or made? Read how colleges affect social mobility in America:
https://econ.st/3ntqTyr

Listen to, or read about how Britain is witnessing a jump in university attendance:
https://econ.st/3HCgPej

Americans overestimate social mobility in their country:
https://econ.st/3DwdnQa

The Democrats’ social-spending package cannot repair the American Dream:
https://econ.st/3kNmHro

Two leading economists disagree about the flagging American Dream:
https://econ.st/3oYrOXh
New data show that joining the 1% remains unsettlingly hereditary:
https://econ.st/3nq6FWe

How helping families relocate could increase economic mobility:
https://econ.st/3CtXWqc

The extent to which children’s futures depend on where they live:
https://econ.st/3qTyqIP

Why legacy places should be abolished: https://econ.st/30LAvvE”

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