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by analog31 2627 days ago
In my view it's not just connections. The children of wealthy people are also, for the most part, children of educated people. As a result, they know how to navigate the college system and to get the most out of it. There are things about college that I've explicitly told my kids. Someone who doesn't know, or is predisposed to believe that college is worthless, won't ever know what they missed out on.

Also, by the time they hit college, kids are already highly differentiated, and this affects their access to the more fructifying opportunities in college. There's this giant Sorting Hat, and it's called Math.

So I don't deny the wealth effect, but I don't think it's fully explained by connections.

2 comments

> not just connections

totally true. but even the dumbest children of wealth will end up in six-figure jobs while the average ones will be top corporate lawyers, sales people, or professors, and the extraordinary ones will be CEOs. The smartest poor kids can excel in college and get the same salary as the dumbest rich kids, but will never move up the ladder because they lack the network.

There is also the lack of financial stress while in college and probably not having to work.