The story of their lost footing is also the story of something larger — the growing role that education plays in preserving class divisions. Poor students have long trailed affluent peers in school performance, but from grade-school tests to college completion, the gaps are growing. With school success and earning prospects ever more entwined, the consequences carry far: education, a force meant to erode class barriers, appears to be fortifying them.
“Everyone wants to think of education as an equalizer — the place where upward mobility gets started,” said Greg J. Duncan, an economist at the University of California, Irvine. “But on virtually every measure we have, the gaps between high- and low-income kids are widening. It’s very disheartening.
WELP now I wanna shop here. I still shop at walmart, I’m ashamed to say. Because it’s cheap and I’m cheap and broke-ish….
It’s a damn shame that there isn’t more literacy in economics, because knowing how the multiplier effect where wages are considered is relevant to the Walmart vs. Costco debate.