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Cato Podcast

Is There a Sequence for Success?

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 15 May 2018

⏱️ 12 minutes

🧾️ Download transcript

Summary

If you make some specific choices in life, a life of poverty is not in the cards, or so goes the argument. How should we think about the so-called "sequence for success"? Michael D. Tanner comments.

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Transcript

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0:00.0

This is the Cato Daily Podcast for Tuesday, May 15th, 2018.

0:07.0

I'm Keelip Brown.

0:08.0

The so-called Sequence for Success is the idea that if a young person graduates from high school gets a job and

0:14.1

avoids having children before marriage staying out of poverty is

0:17.6

virtually assured. But how true is that idea? Cato's Michael Tanner writes in

0:21.9

the most recent edition of Cato Unbound that the sequence

0:25.0

for success idea must contend with some realities.

0:29.1

We spoke last week.

0:30.2

The sequence for success, the idea that if you graduate high school, if you get married, if you delay child bearing until after marriage.

0:43.0

And if you have a job, that these are essentially

0:47.1

extremely predictive of your ability to have a decent life. So when social scientists look at this, what, you know,

0:58.6

where do the, where are the battle lines drawn on that notion? Well there's certainly a robust statistical

1:05.1

relationship at least a correlation between things like having a job, finishing

1:10.5

school, delaying childbirth until after you're married, and staying out of poverty.

1:15.7

In fact, the chances of you're reaching the middle class are fairly strong statistically,

1:20.9

if that happens, and it also a certain amount of common sense to it.

1:23.9

Obviously if you don't have a job or if you don't finish school you're less likely to get a good paying

1:29.0

job.

1:30.0

If you have a child and you're not married you're going to encounter problems.

1:33.8

Two incomes after all are better than one.

1:37.1

You know, you have a single mothers face child care problems.

1:40.5

Employers, consciously or unconsciously, or less likely to hire women with

...

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