Nepotism: About 30% of Americans worked for their parents
Economist Matthew Stager of Harvard analyzed the career paths of 32 million Americans who graduated from high school from 2000 to 2013. Among them, only 5% began their working career by working for their parents, but by the age of 30, 29% had been hired at least once by their father or mother. Moreover, those who started working for their parents from the very beginning earned 19% more than those whose first job was not related to the family.
And of course, nepotism flourishes most among the rich. Among the poorest 20% of Americans, only 2% worked for their parents, and among the richest 20%, only 7%. And if working on a family contract for the poor does not particularly affect the increase in income, then for the richest it gives an increase of about 20%. The main beneficiaries of such nepotism are sons in white and Hispanic families.
Author: Yan Veselov
