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Originally shared by Matt AusternYou sometimes see people argue that high levels of inequality don't matter because social mobility makes up for it. As this scatterplot shows, that argument is completely wrong. There's a strong negative correlation between inequality and social mobility: the most unequal societies are also the ones with the least social mobility.
One probably shouldn't find that too surprising. It's not too hard to think of some pretty obvious ways that an unequal society could perpetuate itself.
One probably shouldn't find that too surprising. It's not too hard to think of some pretty obvious ways that an unequal society could perpetuate itself.
Inequality and Mobility, Revisited
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