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Started reading
December 30, 2017
As of March 2012, some 24 million Americans who would have liked a full-time job couldn’t get one.
That happened in the United States in the Progressive Era, when competition laws were passed for the first time. It happened in the New Deal, when Social Security, employment, and minimum-wage laws were passed.
In the United States and Europe, things seemed more fair, but only superficially so. Those who graduated from the best schools with the best grades had a better chance at the good jobs. But the system was stacked because wealthy parents sent their children to the best kindergartens, grade schools, and high schools, and those students had a far better chance of getting into the elite universities.
The chances of an American citizen making his way from the bottom to the top are less than those of citizens in other advanced industrial countries.
