15min chapter

Slate Money cover image

The Meritocracy Trap

Slate Money

CHAPTER

Understanding the Impact of Wealth and Education Divide

This chapter explores how the ability to purchase education and the influence of wealth affect societal structures and individual lives, showcasing the repercussions on social mobility and the workforce. It discusses the rise of high-paying jobs for the elite, the disparities in income and work hours, as well as the diminishing role of meritocracy in determining success. The chapter also delves into the crucial role of unions in securing fair wages and job roles, highlighting the decline in private sector unionization and its impact on workers.

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