Why even a PhD isn’t enough to erase the effects of class, with Anna Stansbury
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Race and gender have dominated headlines about economic outcomes in the past decades, but class … not so much. Class is often invisible, hard to describe and awkward to talk about. Anna Stansbury, an assistant professor at MIT’s Sloan School of Management, sought to shed light on class in the US in a recent paper, co-written with Kyra Rodriguez. They found that independently of race or gender, people’s family circumstances can hold them back. And that is even after they have done enough work to get a “Dr” in front of their name. Today on the show, Soumaya and Anna discuss the problem and how to fix it.
Soumaya Keynes writes a column each week for the Financial Times. You can find it here
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