Why Elite College Admissions Are Biased Toward the Superrich

Why Elite College Admissions Are Biased Toward the Superrich

Less than 1 percent of college students attend Ivy League colleges and equally selective schools, like Stanford and Duke. But these schools have an outsize influence on American life. Practically every Supreme Court justice of the last 40 years, 25 percent of the U.S. Senate, and one in eight Fortune 500 CEOs went to these schools. A new study on their admissions programs finds that they are heavily biased toward children from rich families. For applicants with the same SAT score, kids from families in the top 0.1 percent were more than twice as likely to get in compared to the average student. A coauthor on that paper, Harvard economist David Deming, talks to Derek about what his landmark study tells us about college, fairness, and the American Dream. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guest: David Deming Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

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MAILBAG: Why Does the Internet Make Us Depressed? Where Does Good Writing Come From? Is College Worth It Anymore?

MAILBAG: Why Does the Internet Make Us Depressed? Where Does Good Writing Come From? Is College Worth It Anymore?

Derek answers your burning questions in a special mailbag episode! If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. You can find us on TikTok at...

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Derek welcomes back the economic roundtable of Michael Batnick and Ben Carlson, cohosts of the 'Animal Spirits' podcast, to debate who killed Silicon Valley Bank, how much we should blame the Fed, how...

15 Maalis 202342min

Silicon Valley Bank Collapse FAQ: Whose Fault Is It? How Can We Stop a Bank Panic? What Comes Next?

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RIP, SVB. America's 16th-largest bank was just destroyed by the largest bank run in U.S. history. To talk about what happened and what happens next, we have Liz Hoffman, business and finance editor at...

13 Maalis 202338min

"Industrial Policy" Is the Hottest Idea in Economics. What Could Go Wrong?

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Under President Biden, the U.S. is pivoting toward what some people call “industrial policy”—that is, using the government to support key industries, like green energy manufacturing and the manufactur...

10 Maalis 202351min

How the Media Failed Its COVID Test: The Truth Behind the Lab Leak and Masking Debates

How the Media Failed Its COVID Test: The Truth Behind the Lab Leak and Masking Debates

Today’s episode is a long one: It’s about the debate over media coverage of COVID. Three years after the fateful March of 2020, when it feels like the world shut down for COVID, we are revisiting two ...

7 Maalis 20231h 34min

Why Are American Teens So Unhappy? How Do We Solve This Crisis?

Why Are American Teens So Unhappy? How Do We Solve This Crisis?

This is our second installment of happiness week on the Plain English podcast. On Tuesday, I spoke with the directors of the Harvard Study of Adult Development about what makes a good life, based on t...

3 Maalis 202355min

Happiness in America, Part 1: The Secret to a 'Good Life,' According to an 80-Year Study

Happiness in America, Part 1: The Secret to a 'Good Life,' According to an 80-Year Study

Americans have never had more access to social technology. It’s easier to talk to friends and family members hundreds of miles away; easier to see their faces; and easier to find single people to date...

28 Helmi 202358min

The Science of How Music Hits Have Changed in the Last 60 Years

The Science of How Music Hits Have Changed in the Last 60 Years

How does technology shape art? Why has songwriting become more of a visual skill in the 21st century? Why are today's hit songs shorter than songs from any period since the Beatles? What happened to t...

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