Harvard's Rich Kids Problem
Harvard has a long way to go before it stops being a place to meet high income people. This blog discusses the networking value of the university and urges people to think harder about the issue.
Adam Ozimek
Chief economist at @InnovateEconomy. Host of the EconTwitter Water Cooler, live on twitter spaces and downloadable here: https://t.co/toyjfDruRu
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Look folks Harvard has a long way to go before it’s no longer a place to meet high income people. They can end legacies and still have plenty of rich kids pic.twitter.com/yuGoYsmILC
— Adam Ozimek (@ModeledBehavior) March 6, 2023 -
— Adam Ozimek (@ModeledBehavior) March 6, 2023
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I find it really hard to believe if Harvard matched the population for SES, people would be like “we gotta get more rich kids in to increase the networking value”.
— Adam Ozimek (@ModeledBehavior) March 6, 2023 -
As always I urge people to zoom out. If what makes these places actual value is a place to meet intergenerational wealth, we should be thinking harder about how this interacts with inequality. That seems like a pretty big unstated conceit
— Adam Ozimek (@ModeledBehavior) March 6, 2023 -
Amazing to be hearing people claim SATs are unfair because high SES students do better at the same time people question whether meritocracy alone will leave Harvard’s student body sufficiently intergenerationally wealthy or if we should reward wealth more directly in admissions
— Adam Ozimek (@ModeledBehavior) March 6, 2023 -
Imagine if Harvard was only the most high ability students, full meritocracy. And someone was like, wouldn’t it be more valuable to everyone if we let in more rich kids?
— Adam Ozimek (@ModeledBehavior) March 6, 2023