Inequality: blame assortative mating and O-Ring production

 

Tyler Cowen blames inequality on the tendency of the smart and rich to hang around with one another:

a common set of factors is driving inequality: equality of opportunity,  assortative mating, O-ring production, increases in the demand for talent driven by the leveraging of talent through technology. The forces are similar and so are the results, the money elite, the monetary elite, the power elite.

 

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