Your parent's salary will determine your lot in life!

[Ahgong]

read this article. quite an interesting one.

http://tinyurl.com/kfd896r

 

the context is in America, but IMO it is really relevant to our local scene as well.

 

the paragraph that struck me are as follows:

"How many poor inner-city kids could be brilliant computer programmers if given the chance? Probably a lot. Uneducated people can do amazing things when given the chance. Two years ago, a foundation left a crate of tablets for kids in an Ethiopian village. As The Registerreports, "within five months, they had hacked Android." "

 

"You don't get to pick your parents, but your parents' income has a huge impact on your educational attainment, and hence your future income. I don't know why that is – it's likely a mix of cost and culture -- but it's true. And as long as it's true, a large portion of an average person's income is tied to something they have no control over."

 

"how many people are in positions of power – CEOs, managers, bankers, regulators, and politicians –not because they're gifted, but because their parents were able to provide a great education?"

 

wow...

question is, how do we get out of that rut if we have parents that are in the lower spectrum of the salary scale?

 

[Vid]

Nowadays it is not just education that get you the high post. It is connections Just ask LHL

[Picnic06-Biante15]

No wonder I am unable to sit on the 'million dollars' per year job which asking ppls to solve my problems ....

[Evillusion]

No doubt everybody wants a rich or well-to-do family. But i doubt i can be like myself now if i had those kind of parents! I oni see many kids from those families that is snobbish, rude, selfish and thinks that everything revolve around them....even the sun! I will concur if the article says should each child is given the same opportunities.....the outcome maybe different!

[Somewhat1975]

Different countries have different level of cross generation economic mobility. It is linked to the equality in income

 

 

[Deividz]

Yes and No.

 

I feel the key is your parents' attitude to education.

 

My wife's parents earned less than 4k combined.

 

My parents around 12k before my Dad got retrenched.

 

My wife got triple As and got into NUS while I barely made it to the local U.

 

Phew, thank God no foreign influx yet at that time.

 

In summary, we are both earning a decent salary now.

 

 

[Vid]

No doubt everybody wants a rich or well-to-do family. But i doubt i can be like myself now if i had those kind of parents! I oni see many kids from those families that is snobbish, rude, selfish and thinks that everything revolve around them....even the sun! I will concur if the article says should each child is given the same opportunities.....the outcome maybe different!

 

The world is unfair. Society is unfair. No matter how much is done to create "equality", life is unfair. That is the thing I tell my children. What they can do is work hard to be the best they can be to close the gap. I can only give them that much.

[Jamesc]

No doubt everybody wants a rich or well-to-do family. But i doubt i can be like myself now if i had those kind of parents! I oni see many kids from those families that is snobbish, rude, selfish and thinks that everything revolve around them....even the sun! I will concur if the article says should each child is given the same opportunities.....the outcome maybe different!

 

So every kid that has rich parents are snobbish, rude, selfish and thinks that everything revolve around them....even the sun?

 

Or just 99%?

 

[Evillusion]

 

The world is unfair. Society is unfair. No matter how much is done to create "equality", life is unfair. That is the thing I tell my children. What they can do is work hard to be the best they can be to close the gap. I can only give them that much.

thats what i told my son too. No free lunch except from his own dad! Thats why he saving up to study abroad!

I told my Manager this when he said life is unfair so deal with it......i told him "ya i know, but you can start to be fair....and most probably others will follow".

Edited April 30, 2014 by Eviilusion

[Joseph22]

Nowadays it is not just education that get you the high post. It is connections Just ask LHL

Not just LHL ask George bush jr, najib and many other.

[Vid]

Not just LHL ask George bush jr, najib and many other.

 

I think the best is ask Tin Pei Ling

[Joseph22]

No doubt everybody wants a rich or well-to-do family. But i doubt i can be like myself now if i had those kind of parents! I oni see many kids from those families that is snobbish, rude, selfish and thinks that everything revolve around them....even the sun! I will concur if the article says should each child is given the same opportunities.....the outcome maybe different!

Those that are not snobbish rude and selfish one u likely don't know they are rich. Because they don't show off.

[Vid]

thats what i told my son too. No free lunch except from his own dad! Thats why he saving up to study abroad!

 

I want to send both my sons to UK but I'm not sure if I can have enough when they are old enough With inflation and costs all going up, it's not going to be easy

[Coolad]

No doubt everybody wants a rich or well-to-do family. But i doubt i can be like myself now if i had those kind of parents! I oni see many kids from those families that is snobbish, rude, selfish and thinks that everything revolve around them....even the sun! I will concur if the article says should each child is given the same opportunities.....the outcome maybe different!

 

extending on this... wouldn't it be harder for rich kids to excel.. since everything is provided for and so many distractions/vices, no "push" factor...

 

reversely poor kids actually have it easier since they are "forced" to excel... do or die... rite?

[Freestylers09]

simi report sia..LOL

 

alot here also ownself pay ownself earn school fees

 

unless current generations..percentage lower

 

nothing is fair in this world. It is either you have the power/capability

to change the environment or change yourself to adept to the

environment. Try not to give up or leave the environment because in reality it is always unfair wherever you go

[Jamesc]

 

The world is unfair. Society is unfair. No matter how much is done to create "equality", life is unfair. That is the thing I tell my children. What they can do is work hard to be the best they can be to close the gap. I can only give them that much.

 

Yes very true, the only thing within our control is to make sure all of our decisions and actions are fair

 

and to teach our kids to be fair in everything they do.

 

[Evillusion]

Those that are not snobbish rude and selfish one u likely don't know they are rich. Because they don't show off.

hahahaha....true hor......but nowadays even from normal peasants the children can be rude and snobbish!

[Jajoba123]

i concurred. but the kidz must be educated on the carrots n stick first.

especially i was not the so bright student when schoolings n family is not well to do. dad bankrupt rely on mum's little earning.

no carrot, n no drive to work hard in my academic. one need to be guided to understand the environment around us. is hard for a guy like me then to understand the world.