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Re:Is education no longer the ‘great equalizer’? by prestigious on Wednesday June 23, 2021 @09:41PM (#27612901)
Generational wealth is way overstated. Steve jobs didn’t have generational wealth. Airbnb was funded by selling obama branded cereal.
Re:Is education no longer the ‘great equalizer’? by JKCalhoun on Wednesday June 23, 2021 @09:51PM (#27612948)
Yes, we can point to exceptions.
Re:Is education no longer the ‘great equalizer’? by asteroidbelt on Thursday June 24, 2021 @01:44AM (#27614343)
Inherited wealth is rather an exception: https://www.cnbc.com/2019/09/26/majority-of-the-worlds-riche...

Of course, rich kid will not end up like poor kid, but they will be much less rich than their parents.

Re:Is education no longer the ‘great equalizer’? by nec4b on Thursday June 24, 2021 @03:15AM (#27614777)
What exceptions? Don't you have any restaurants or dry cleaners or any other small businesses around where you live which were started by poor immigrants?
Re:Is education no longer the ‘great equalizer’? by KSteffensen on Thursday June 24, 2021 @09:50AM (#27617359)
That seems like a strange comparison. Apple and my local kebab shop are not businesses in the same league and never will be.
Re:Is education no longer the ‘great equalizer’? by nec4b on Thursday June 24, 2021 @05:09PM (#27623789)
I hope you don't think only a multi billion dollar companies count as success. The point is: a lot of poor people start businesses all the time and a lot of them end up successful.
Re:Is education no longer the ‘great equalizer’? by KSteffensen on Friday June 25, 2021 @03:13AM (#27627977)
I would not count working 12+ hours per day 7 days a week, while barely making each months rent as success. As far as I can tell that's the reality for most non-franchise stores, small restaurants, etc.
Re:Is education no longer the ‘great equalizer’? by oblio on Thursday June 24, 2021 @05:18PM (#27623908)
> The point is: a lot of poor people start businesses all the time and a lot of them end up successful

What's "a lot". My bet is on the majority failing, and by that, I mean, going bankrupt before even breaking even.

Re:Is education no longer the ‘great equalizer’? by nec4b on Thursday June 24, 2021 @06:01PM (#27624406)
I don't know. A lot more than there are companies like Apple or Google. Don't you see how many small businesses are around you when walking down a random street. Anyway why does it even matter? If only 49% of them succeeded which is less than majority, would that mean poor people cannot become successful entrepreneurs?