Being a billionaire is so extremely rare so it doesn’t matter.
Social mobility is the ability to move from lower to middle or upper class not from lower to the extreme upper class.
Then define your terms, what is the mobility method, what are the bounds of the classes and by what metric and, what is excellent/great/good/average/poor/bad/terrible mobility?
We have great upward mobility here though and it’s a capitalistic country.
Social mobility only describes the ability of the hierarchy to reorder itself. It does not negate or even mitigate the fact that most people are poor.
interesting, how does one become a billionaire in such a way that anyone and everyone could do it?
Oh, you had to be a billionaire to be middle class? I never knew that.
If there’s no way to get to the top, how is the upward mobility “great”?
Being a billionaire is so extremely rare so it doesn’t matter. Social mobility is the ability to move from lower to middle or upper class not from lower to the extreme upper class.
Then define your terms, what is the mobility method, what are the bounds of the classes and by what metric and, what is excellent/great/good/average/poor/bad/terrible mobility?