The Downward Spiral of Upward Social Mobility

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 8 August 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, we delve into the unsettling reality that this generation in Ireland might be the first in two generations to be poorer than their parents. We explore the ripple effects this could have on career choices, social class, and societal structure. For years, class snobbery in Ireland has intrigued us, from the rigid social hierarchies of the past to the dramatic social uplift during the Celtic Tiger era. However, the end of this upward mobility could bring about significant changes. Drawing parallels with the U.S., where only 50% of those born in 1980 earn more than their parents compared to 90% of those born in 1940, we examine what this means for Ireland. The discussion includes the fascinating idea of "kitchen table capital," the influence of family environment on success, and how immigrants often fill critical roles in an economy. As Ireland potentially faces stalled social mobility, we foresee increased tension and division, similar to the culture wars in the U.S. This episode provides a compelling look at the future of social mobility in Ireland and the possible societal shifts ahead.

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Transcript

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0:00.0	John, we have something very exciting for our listeners, which is we are taking the podcast
0:05.5	out and about on a tour in September. I know you're all prepped. Absolutely. You're all, your
0:12.3	mind is focused. I can't wait to get out of the basement. Exactly. I've been locked up there
0:17.1	for years now. So we are from the 11th of September taking the podcast on tour.
0:23.0	We kick off in London and then from the 16th, we're back home and we're around the country.
0:27.9	And we would love to see you.
0:29.5	And you would also get a copy of the book, Money, a Story of Humanity signed by me.
0:35.8	So check out tickets at David McWilliams.com.
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0:42.1	And we'll see in September.
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