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Planet Money

Two Indicators: unlikely economic relationships

Planet Money

NPR

Business, News

4.629.8K Ratings

🗓️ 9 September 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

On today's show - how your social circle is one of the strongest predictors of economic mobility and how pop music reflects the economy.

Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

Transcript

Click on a timestamp to play from that location

0:00.0

This is Planet Money from NPR.

0:08.6

Like most gyms, inner city weightlifting in Boston offers one-on-one training sessions

0:13.5

for people to shed pounds and get ripped.

0:17.7

But behind the dumbbells and the treadmills is a deeper purpose.

0:22.2

The gym is a nonprofit founded with the mission of providing opportunities to people at risk

0:27.6

of poverty and incarceration and helping them forge friendships with wealthier people

0:32.7

who might be able to give them a helping hand.

0:35.5

In a city weightlifting does this by recruiting people who are economically disadvantaged,

0:40.4

often fresh out of prison, and it offers them a pathway to become trainers.

0:45.8

Then pairs these trainers with well-to-do clients.

0:49.3

And it's found that John Feynman says that they're seeing amazing results with this model.

0:54.2

Personal training does create this really unique setting that allows for those power dynamics

1:00.4

to flip, for those really genuine relationships to form because the value is going both ways.

1:07.2

And I think that really transcends a lot.

1:09.8

It's no secret that it pays to have friends in high places or gym clients in high places.

1:14.9

But a new groundbreaking research project substantiates this in a profound way.

1:19.4

It shows that relationships that cross-class lines are crucial for long-confolks to climb

1:24.6

the economic ladder.

1:26.4

Hello and welcome to Planet Money.

1:28.2

I'm Greg Rizalski.

1:29.7

And I'm Darian Woods.

1:30.7

Today on the show we have two new studies that look at unexpected economic relationships.

...

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