A Canadian economist has demonstrated that it really is who you know rather than what you know that helps some sons of wealthy fathers get jobs. Wealthy people hire their children as a way of holding onto their money, the study said. Social mobility expert Miles Corak said the strategy enables money and power to stay within a family instead of being distributed to others. Dr Corak suggested these factors will probably curb earnings mobility across generations and arguably deter less advantaged Americans coming-of-age from climbing up the corporate ladder in a polarised labour market.Nepotism is a CONSTANT. Everyone passes their skills to relatives, because skills are innate. (I'm sure Expert Corak doesn't know that, because it's a FUCKING FACT and Experts believe nothing but BIZARRE WACKED-OUT FALSEHOODS.) And everyone has the best chance of being hired by relatives, directly or 'connectively'. It's always been that way. Unremarkable fact of human nature. Increasing inequality is a VARIABLE, so it's NOT EXPLAINED by the CONSTANT of nepotism. The simplest and most obvious CAUSATIVE VARIABLE is that America and UK no longer PAY people for most of the SKILLS that are passed genetically. A few major skills have vanished entirely from the world of work; most are paid less than in previous generations. We only pay highly for entertainment and financial crime. If your skills don't run in those directions, you're not economically valuable. It doesn't matter if you get jobs from relatives or from anyone else. You're stuck at the bottom of the stack.
The current icon shows Polistra using a Personal Equation Machine.