User Power
Value/Post Ratio
68%
- Apr 4, 2014
- 142
- 96
US have lower social mobility?
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.
Last edited:
Upcoming Live Fastlane Calls (FREE!)
Inventors Virtual Meetup (FREE - All welcome!): Sunday, May, 5th 2024: 11 AM ESTJoin over 90,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.
Free registration at the forum removes this block.If you are reading this forum/TMF your future income has nothing to do with that graph.
isn't being fastlane part of social mobility?
If you are reading this forum/TMF your future income has nothing to do with that graph.
Lol.For all those American young bucks who think the US is no longer the land of opportunity, may I suggest Pakistan. It's higher on the chart.
US have lower social mobility?
Your chart is measuring something, but it has nothing to do with fastlane. Your odds probably ARE better in Europe if your metric is simply living a non-shitty life. Norway is higher than the US on the mobility/equality list because it has free education and a more homogeneous culture that values education and is very egalitarian. It also has very low unemployment a very high starting wage, so if you have job, pretty much any job at all, you aren't poor.
So yes, moving between the typical social segments here is probably much easier in the US. However, what the chart doesn't tell you is how much money people in those segments make. The bottom rung of the Norwegian salary ladder is much higher than in the US (although the cost of living makes it much less of a difference than it might seem), but what about the top rungs? the ones that we're all aspiring to? The ladder may be easier to climb in Norway, but you may find that it's a lot shorter than you'd like.
People of Norway doesn't have the have's and have not mentality?
And on the other side, more barriers to entry = less competition.Well, in terms of starting a business the graph doesn't take certain risk parameters into account like ease of business formation, corruption, government interference, etc. No way on gods green earth would I start a business in Sweden unless I had to do so (despite the location in my tag!) due to high level of bureaucracy and taxation. The tax structure alone pretty much supports the Law of Jante. I would also argue that entrepreneurship as a life choice is not wholly supported in the culture for very much the same reason. Easier to sit on your a$$ claiming benefits while looking for a job than *gasp* go outside the bounds of social norms and possibly become better/richer than others!
Someone with the systems and skills to make money will do fine in any location, but its the cultural norms and support systems that will dictate the length of time and number of barriers to success.
Join Fastlane Insiders.