This is a little misleading (the headline is a lot misleading). FTA:<p>>The researchers found that 68 percent of the sons of top-percentile income earners have at some point by the time they're age 33 taken a job at a firm [at which] their father also worked. That's significantly higher than the 55 percent rate for the sons of the second-highest percentile of earners and the 40 percent average for all income levels.<p>There are fewer industries (and fewer total companies) that compensate someone at the 99th percentile than there are that do so at lower income levels. So by something similar to the pigeonhole principle, you're going to have more high earners with overlapping career paths, including when said high earners happen to be father and son.<p>I've had internships at various places - a startup, AMD, Goldman Sachs, Microsoft, and NASA. I started a company in grad school and now work for Google. My dad happened to work for Goldman for much of his career, so technically I contribute to this statistic (I'm not in the 1%, but my dad is). But my dad's being at Goldman had absolutely nothing to do with my internship there (I applied initially without his knowledge, got through the interviews like anyone else, worked in a different division, etc.). There was no nepotism involved; it's almost coincidental that one of the many companies I've worked for happened to be one of the ones my dad also worked for.