In Britain, the Wealthy Get Wealthier
John Morgan,
Inside Higher Ed,
Apr 14, 2016
More evidence for a proposition that has been noted in this newsletter before, specifically, that equality of outcomes is not achieved simply by providing access to the same curriculum. The purpose of elite institutions of higher education is to allow the wealthy to create insider networks, and these appear to freeze out the non-wealthy, even those who attend these institutions. "Graduates from richer family backgrounds (defined as top 20 percent by household income) earn significantly more after graduation than other graduates, even after completing similar degrees from similar universities." See also another report on the same study from the BBC.
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