24 11 11 - 21:17How things are not as billed:
How would upper-middle-class parents feel about children who had only a 17% chance of achieving a household income above $90,000? They would be horrified. And then they would busily start using the full scope of their talents--their financial resources, their educational skills, and their social capital--to "fix it".
Arguably, this is just what they've done. Rocked by the shattering forces of the Depression and World War II (and flush with the prosperity of the postwar years), the old moneyed elites of the Northeast and Midwest did something really remarkable: they voluntarily abdicated their position. Ivy League colleges threw open their doors to the bourgeois masses, and cut back on the Saint Grottlesex crowd. The old WASP bastions democratized or were swept away by nimbler competitors who didn't scruple to sacrifice profits because it might look bad to the boys in the club. First Jews, Irish, and Italians, and then later blacks, Hispanics, and Asians, burst through doors that had once been reserved for the sort of people who got married and buried at St. Thomas Church. They were joined by the children of undistinguished WASP families from America's small towns, suburbs, and tenements. - The Atlantic
Food for thought after turkey day.