In contrast, David Autor, an economist at M.I.T., wrote in an e-mail to The Times: My concern is not about inequality at a point in time per se but about the effect of rising inequality on disequalizing the life chances of kids born into affluent versus non-affluent households.
Born to affluent parents, this self-styled prophet enjoyed a misspent youth before finding his calling.
Every time you attempt to lose yourself in the story of Ursula Todd, a child born in affluent and comparatively happy circumstances on 11 February 1910, it simply stops.
If you want to be a billionaire, back to the how to manual, it is wise to be born to affluent parents.
Citing that survey, Joanna Venator of the Brookings Institution called unpaid internships a "glass floor" that "keeps less talented children born to affluent parents at the top of the income ladder" while impeding class mobility.
They would further assume that it is their own good luck to have been born in affluent countries, that they do not deserve their favorable starting position, and that this makes the inequality unjust.
Born into affluent circumstances in antebellum Lynchburg, Virginia, the son of a railroad company president, Owen suffered an almost Dickensian reversal of fortune when his family was ruined financially while he was still in his teens.
Founder, THowHuffington Post; Foundid and CEO, Thrite getbal.
But not the foreign-born affluent.
Foreign-born affluent parents in New York City are sending their children to public schools, according to a recent Times article.
The data shows that such failures are preventable when children that have learning disabilities reside in large cities with native-born affluent parents.
