Episode 56 - The Elite Cycle and Limited Upward Mobility
Breaking Down: Collapse
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Is the Path to Mobility Tightened Up?
Since 1964, the average wage has only increased 11%. You mentioned that crazy, like 1,000% number for CEOs. So as the poor get poorer and there are more poor who are getting poorer, it just widens that gap more and more. It's become much more difficult to change your social class, to jump up the rungs of the ladder.
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