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Progressivism: Past, Present, Future
"Econ 102" with Noah Smith and Erik Torenberg
Education Determines Class Perception
In Japan, social class distinctions are less about income and more about education, which serves as the primary divide in society. While wealth disparities exist, the potential for upward mobility through education plays a significant role in class identification. Individuals with educational credentials, regardless of current earnings, maintain a status that can lead to high earning opportunities in the future. This concept of 'permanent income' highlights that earning power and potential, rather than current financial status, are critical in determining one's class affiliation.
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