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Median Family Wealth – U.S.

2021 2050

Asian - $320,900 ?

White - $250,400 ?

Multiethnic - $82,500 ?

Hispanic - $48,700 ?

Black - $27,100 ?

American Indian - ** ?

** 8 cents per one dollar

Pew Research Center

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Hispanic increased from 14 to 16%

Asian remained the same at 37%

Black decreased from 18 to 14%

NYT – Sept 11, 2024

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California - 2023

Asian – 15.5%

Latino – 40%

White – 35%

Black – 5%

Multi-racial – 4%

Native Amer – 1%

Asian – 40%

Latino – 30%

White – 19%

Black – 5%

Other or declined

to say – 6%

Population

Berkeley Admits

Univ of California, US Census - 2023

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NYC – Enrollment in the

top High Schools – 2018

(determined by test scores)

Stuyvesant – 73% 3.5%

Bronx Science – 64% 8%

Brooklyn Tech – 61% 14%

Asian

Black and Hispanic

15% of NYC pop.

is Asian

U.S. Census & NYC Dept of Educ.

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South Korea��Hagwons�CSAT (Suneung)

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Chetty, Deming, Friedman - 2023

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Brookings's Brad Hershbein analyzed data from the Panel Study of Income Dynamics, a massive, nationally representative study that's tracked the economic progress of 18,000 individuals in 5,000 families since 1968. Because the study tracks the same families over close to 50 years, researchers can see things like how the family environment a person grows up in affects their earnings decades later.

Hershbein defines poor students as those from families who make less than 185 percent of the federal poverty level -- the threshold for qualifying for the federal free and reduced lunch program. He found that, as you'd expect, a college degree does make a difference in poor students' future earnings -- poor kids who went to college earned, on average, 91 percent more money over their careers than poor kids who only got a high school degree.

But the earnings bump for middle- and upper-class kids was much larger. In that group, kids who got a bachelor's degree earned 162 percent more than their peers who only earned a high school degree.

https://www.washingtonpost.com/news/wonk/wp/2016/02/22/still-think-america-is-the-land-of-opportunity-look-at-this-chart/

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CLASS 6��Tuesday - Sept 12��END - 1258

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Live Chat Questions

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Stephen from the UK asked on the YouTube Live Stream Chat:

“Can there ever be

fairness in the world we live?

What would need to be done to achieve this or is it impossible?”

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SteelandSouls from the

YouTube Live Stream Chat asked:

“There are 6 moral foundations

for how we operate.

Two of those are Care and Fairness/Justice.

How can we discern when

attempts to honor Fairness

should take precedence over Care?”

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zzz from the

YouTube Live Stream Chat asked:

“What is the best way

(system, belief system, etc.)

to reach fairness?

An example: meritocracy”

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Cybernetic Qualanaut from the

YouTube Live Stream Chat asked:

“What do students think

of Legacy Admissions?”

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JJ W from the

YouTube Live Stream Chat asked:

“How do you solve a group problem without rewarding and punishing individuals?”

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JJ W from the

YouTube Live Stream Chat asked:

“IS it unfair on the children going to these cram schools that their natural childhood is being lost, does the balance fall badly do children have to lose their childhood to be successful later?”

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Comment Section

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@marksmith9176 from the

YouTube comments said:

“U.S. News reports, “The Pennsylvania State University–

University Park's tuition. …

The net price is the average cost of the university after aid

and scholarship funds are discounted from the total cost,

which come in on average at $31,237 for in-state students

and $49,692 for out-of-state students receiving need-based aid.”

Isn’t absurd that a university that teaches DEI (preaches DEI)

has tuition costs that are in itself a barrier for students

from Historically Disadvantaged Groups.”

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@danielolds9674

from the

YouTube comments said:

“Life is not fair.

It never has been it never will be.

We keep pushing fairness because

it feels right and feels good.

Merit should be what we look at for most things.

Race, sex, gender, culture and so on

should not be in the equation.

Yes, I understand this won't be received well.

It wasn't in my psych and soc classes either.”

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@thomassenbart from the

YouTube comments said:

“Equity today means the outcomes are the same.

It does not mean fairness.

Culture is the biggest factor in national wealth or poverty.

Yes, large numbers of native Americans choose poverty.

This is true all over including the inner cities.

It's all about culture.

Most Asian immigrants did not come with college degrees.

The Indians were Stone Age people and remained

stone age people until the West was conquered.

Every aspect of life is unequal.

Every person is different/unequal with another.

Yes, Affirmative action attempted to give blacks

and others greater opportunities,

but it relied on race as an advantage in the selection process,

which is a direct violation of the equal protection clause

of the Constitution.”

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@snapple4pple from the

YouTube comments said:

“My parents came to america poor af and made

a lot of sacrifices so i can do better in school.

There is no reason why others cannot do the same.

It's all about the culture and values.

Certain cultures are just better.”

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@IncreasedIQ and @henrylar8958 from the

YouTube comments said:

“[Laurie] literally said it at the beginning,

it’s a little kid mentality.

That’s not how life works.

Life isn’t fair, nobody cares work harder.” - IQ

“That’s actually a way better way of looking at it.

Most people just dismiss you as bigoted

if you say that but we aren't bigoted when we

tell our kids life isn’t fair… We’re realistic.” - Henry

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@sonotover from the

YouTube comments said:

Someone with mental retardation is also 99% the same genetics. 99% being a high number isn't an argument.

You could easily make the argument that Asians being genetically higher average iq is the reason after school learning even occurred to them to be a good idea. Dumb people don't come up with smart ideas, it's build into their primitive operating system.

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@rcc737 from the

YouTube comments said:

“I can't speak for all Native American's or tribes but will tell you about the Ute tribe (Northeast Utah). Individual members and single families are very poor. I'm the only one in my extended family with a degree. Neither of my sisters, none of my cousins, aunts, uncles or grandparents (on my mother's side) have a degree; many never finished high school. Family beyond that are all similar. Although most of us only have a tiny fraction of Ute in us (exception is one of my aunts married a half Ute, half European) we were all raised in a similar environment to my mom's side of the family. If you drive around the Roosevelt/Vernal area it'll be very obvious that a lot of Ute tribe members are extremely poor.....and why.

The area has a very harsh landscape. Extreme cold with high winds in the winter. Super hot in the summer so short growing season for vegetation. Also very little to do recreation wise. This leads to a lot of drug and alcohol problems in the region. Combine this with although individual members and families being poor, the tribe itself is very wealthy due to oil rights. Tribal members get regular checks from oil pumping from the tribe (some people try and claim the federal gov't gives them money; THIS IS FALSE!). There is zero incentive to work as working won't change anybody's financial standing in a significant way.

Common lifestyle on the Ute reservation is to get your oil check > go on a 3/5/7 drunk bender > go buy a car with your left over money > total the car > buy enough cheap food to last until your next check. Rinse/repeat.”

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@PetrolJunkie from the

YouTube comments said:

“How is it fair that a a college degree is considered the golden ticket to success to the point where people that don't have one are instantly devalued as a human being.

There are lots of paths to top. We're currently trying to funnel everyone through one path and telling people that the other's will never get you anywhere.

How about we acknowledge that having a college degree doesn't guarantee a better outcome than not having one no matter how well you do in your classes.”

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@levijack1947 from the

YouTube comments said:

“I think most of us can agree that there's usually no easy answer to any of the topics in these videos. These are complex topics with a lot of overlap.”