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Well if you are a Supreme Court justice, then your prestige is extremely high; you are on the top of the prestige hierarchy, at least in the United States.
The harm is that people are often dissuaded from going into occupations in which they would be quite successful and happy because these occupations are not ranked high enough in the prestige hierarchy.
At the same time, Ostrower finds divergent patterns of giving that reflect alternative sources of donor identity, such as religion, ethnicity, and gender, and explains why certain kinds of donors are more or less likely to diverge from the prestige hierarchy of their class in their philanthropy.
" 'Merit' (and what counts as merit) is determined by those who dominate the prestige hierarchy, and these institutions have the power to recruit and retain the most 'meritorious'," Hanneman writes.
In the prestige hierarchy of American finance, the lords of private equity are enthroned at the very top.
A prestige hierarchy has been developed to rank specialities and subspecialities on a scale from 1 (geriatrics) to 22 (neurosurgery) [ 31, 32, 37].
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They draw analogies that fit into existing prestige hierarchies (rockstars and janitors) or relationships to craft and technique (gardeners and alchemists).
The deeper concern of journals is that pre-registration threatens existing "prestige" hierarchies and could reduce a journal's impact factor – a metric that is arguably meaningless as an indicator of scientific quality and, in fact, predicts the rate of article retractions due to fraud.
For example, the implementation of prestige and similarity bias in the present model only incorporated certain, simplified aspects of these processes, ignoring for example potential runaway prestige effects [22], prestige hierarchies [20] and the consequences of similarity bias on individual variation [32], [33].
The strategic collaboration and workings of these transnational capitals and sovereign statehood are evident their economic and political powers have been shaping and informing the re-structuring of the prestige perceptions and hierarchy of the global scientific publishing industry.
There was a hierarchy of prestige, but financially there was a fairly level playing field.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com