"We're actually facing a national security nightmare: someone has demonstrated the capability to use radiological weapons on the streets of London and we don't know who they are. (Although we can make a couple of guesses.)"
Since 1950, women have entered the labor market in increasing numbers, as labor-saving devices have caused a shift away from housework. In addition, the proportion of women among college graduates has increased, at a time when the proportion of jobs that require higher education has been rising.
With women earning a higher share of family income than was the case in 1950, inequality is now affected by assortive mating (or assortative mating). Assortive mating means that men with high earnings potential tend to marry women with high earnings potential. David Brooks, author of Bobos in Paradise, pointed out that wedding announcements in the New York Times have begun to resemble reports of law firm mergers. In a sense, we are back to the pre-industrial era, except that today's elite marriages combine high salaries rather than large landholdings.
Many choices that young people make are influenced by assortive mating. You go to an elite college in part to be among others with high aspirations. You take a first job in a high-cost city in order to increase your chances of meeting someone in the upper income bracket.
The effect of assortive mating is multi-generational. We are now seeing children and grandchildren of two-income families enter the labor force. These progeny of well-educated, highly-skilled couples enjoy many advantages in terms of genetic endowments, good parental decision-making and role modeling, and a higher likelihood of finding themselves in peer groups that encourage high achievement. Thus, it would not be surprising to see an even greater impact of assortive mating on inequality in each succeeding generation....'
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