Then you end up with a lot of well educated janitors and tomato pickers. Not everyone can be upwardly mobile and become a millionaire with no one left to fill the void of low level poorly paid jobs needed to support them.
> Then you end up with a lot of well educated janitors and tomato pickers.
So you are saying that instead of a fair competition, you would prefer that people's lives are defined by the conditions they were born into and educated in? Wut?
> Not everyone can be upwardly mobile and become a millionaire with no one left to fill the void of low level poorly paid jobs needed to support them.
You realize that those jobs are going away in somewhat near future right? Just like e.g. truck drivers?
No, that's not what he's saying. Assume that through education you can randomize which people end up as the hedge fund managing directors and which people are the janitors. Still, there will be many janitors, and still, there will be very few hedge fund MDs.
