Here’s one way the rich hold onto their wealth: By hiring their spawn.
This way, the wealth and the accumulated power stay in the family, rather than dissipate outwords.
It shows the likelihood that a son at some point in their life works for the same firm that their father once worked for across various income levels.
The conclusion couldn’t be more clear: The richer the father is, the more likely it is that their son will work at a firm they worked for at some point in their life.
As you get to the very elite, the % of sons sharing an employer with their father just soars.
The numbers in the survey are from Canada or Denmark, but the similarity across countries indicates that this is a pattern not confirmed to just those two.