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by captainredbeard 1819 days ago
Correct: Europe has a far more entrenched elite / patrician class than the United States with far less opportunities for someone to "break out" by creating a company. Yet we continually hear about how terrible the US's economic & social policies are... to this observer, it makes no sense.
1 comments

Socioeconomic mobility is low in the US. This has been litigated and resolved in research ad nauseam.

Survivorship bias, on the other hand…

>Socioeconomic mobility is low in the US.

Compared to where?

Other developed countries (or ourselves, in the past).