That’s really not technically true. The term “nepotism” originated from Catholic bishops and popes granting their unqualified nephews lucrative positions in the church … it’s always been seen as unethical, and has only been used to describe behavior perceived as unethical.

The dictionary definition of nepotism is “favoritism (as in appointment to a job) based on kinship.”

This is a troubling signal of income inequality and social immobility, sure – but it isn’t nepotism.