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The Prof G Pod with Scott Galloway
Conversation with Raj Chetty — Driving Upward Economic Mobility
Sep 21, 2023
Raj Chetty, the William A. Ackman Professor of Economics at Harvard and Director of Opportunity Insights, dives into the critical role elite universities play in shaping success in America. He discusses how a child's environment impacts economic mobility, emphasizing the need for social connections and authentic interactions across class divides. Chetty paints a stark picture of economic disparities, advocating for a substantial minimum wage increase and examining the barriers to education for disadvantaged youth. His insights underscore the urgent need for systemic change.
49:45
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Quick takeaways
- Attending selective private colleges can significantly improve a person's chances of upward mobility.
- Raising the minimum wage to $25 an hour is necessary to address income inequality in the auto industry.
Deep dives
The Impact of Economic Mobility and Opportunity on Higher Education
In this episode, Raj Chetty, an economics professor at Harvard University, discusses the importance of higher education in achieving economic mobility and opportunity. He highlights research that shows how attending selective private colleges can significantly improve a person's chances of upward mobility. Chetty also addresses the disparities in college admissions and the need to expand access to high-quality colleges for students from lower-income families.
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Discover
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