Are You Connected to Your Facebook Friend?

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Ai, no, facebook uses the word friend. Is very similar to the english word friend. Fersood, you have a relationship with but of course, don't know, there's a lia is it there's how how connected am i to my facebook friend? So i think you gave me a little phrase there in the middle there about the the d health am datus to talk about why. R just catter for a few things on that. I mean, almost by definition, the essence of facebook is that i'm friends with people outside my neighborhood, not yn. And certainly something we thought about it a bit.

Economist Raj Chetty of Harvard University talks about his work on economic mobility with EconTalk host Russ Roberts. The focus is on Chetty's recent co-authored study in Nature where he finds that poor people in America who are only connected to other poor people do dramatically worse financially than poor people who are connected to a wider array of economic classes. The discussion includes the policy implications of this result as well as a discussion of Chetty's earlier work on the American Dream and the challenge of Americans born in recent decades to do better financially than their parents.