News for hackers. Stuff that matters.
Re:Living outside America by jules on Sunday July 01, 2012 @09:38PM (#4186842)
It's true that in the US, rich people are really rich. But would he have been able to afford to study in the US?

The science says that social mobility is much higher in other countries like Denmark than in the US:

> Several studies have been made comparing social mobility between developed countries. One such study (“Do Poor Children Become Poor Adults?")[5][15][16] found that of nine developed countries, the United States and United Kingdom had the lowest intergenerational vertical social mobility with about half of the advantages of having a parent with a high income passed on to the next generation. The four countries with the lowest "intergenerational income elasticity", i.e. the highest social mobility, were Denmark, Norway, Finland, and Canada with less than 20% of advantages of having a high income parent passed on to their children.

-- http://en.wikipedia.org/wiki/Social_mobility#Country_compari...

Re:Living outside America by jbarham on Sunday July 01, 2012 @10:28PM (#4186976)
> But would he [Elon Musk] have been able to afford to study in the US?

Yes, because he did study in the US, at the University of Pennsylvania (http://en.wikipedia.org/wiki/Elon_Musk#Early_life). Granted he had a scholarship, but people like Elon Musk tend to get scholarships. For regular Americans state schools are affordable w/ government loans.

> The science says that social mobility is much higher in other countries like Denmark than in the US

No offence to Denmark but I can't imagine that many immigrants chose to immigrate there instead of the US because of social mobility scores.

By definition most immigrants are ambitious, or at least willing to risk leaving their country of birth for the possibility of greater opportunities elsewhere.

Re:Living outside America by excuse-me on Sunday July 01, 2012 @10:06PM (#4186917)
You have to be a little careful with the social mobility stats. Countries with a very equal society score very high on these scales - because they really map "am I rich and were my parents were rich". Countries where everyone is happily in the middle (eg scandanvia) show low correlation with your parents income and that counts as high social mobility - when in fact it's just low mobility for everyone.

Countries with a high immigrant population in the preceding generation score very high - just because the first wave of immigrants probably did relatively badly compared to the average population, so if their kids do average that looks like high mobility