inequality
... Inequality and Human Experience • Weber – power is the chance that a person can do what s/he wants even in the face of opposition, resistance or constraint • those with skill, strength or authority to control valuable resources have a wider range of choices, options and opportunities – privilege • ...
... Inequality and Human Experience • Weber – power is the chance that a person can do what s/he wants even in the face of opposition, resistance or constraint • those with skill, strength or authority to control valuable resources have a wider range of choices, options and opportunities – privilege • ...
Unequal Societies: The Global Economic and Geopolitical Situation
... • America among the countries with the least opportunity—in spite of the notion of the country being the land of opportunity (American dream) • Life prospects of a young American more dependent on the income and education of his parents than in other advanced countries ...
... • America among the countries with the least opportunity—in spite of the notion of the country being the land of opportunity (American dream) • Life prospects of a young American more dependent on the income and education of his parents than in other advanced countries ...
Social Stratification
... The American Class System • The gap between the rich and the poor in U.S. is larger than any other wealthy/industrialized nation • Growing inequality since 1960’s and accelerated in 1980’s under president ______ and economic principle of “trickle down economics”. What is it? – The US economy expand ...
... The American Class System • The gap between the rich and the poor in U.S. is larger than any other wealthy/industrialized nation • Growing inequality since 1960’s and accelerated in 1980’s under president ______ and economic principle of “trickle down economics”. What is it? – The US economy expand ...
Economic inequality
Economic inequality, also known as income inequality, wealth inequality, gap between rich and poor, gulf between rich and poor and contrast between rich and poor, refers to how economic metrics are distributed among individuals in a group, among groups in a population, or among countries. Economists generally think of three metrics of economic disparity: wealth (wealth inequality), income (income inequality), and consumption. The issue of economic inequality can implicate notions of equity, equality of outcome, and equality of opportunity.Some studies have emphasized inequality as a growing social problem. Too much inequality can be destructive, because income inequality and wealth concentration can hinder long term growth. Early statistical studies comparing inequality to economic growth had been inconclusive, however in 2011, International Monetary Fund economists showed that greater income equality—less inequality—increased the duration of countries' economic growth spells more than free trade, low government corruption, foreign investment, or low foreign debt.Economic inequality varies between societies, historical periods, economic structures and systems. The term can refer to cross sectional distribution of income or wealth at any particular period, or to the lifetime income and wealth over longer periods of time. There are various numerical indices for measuring economic inequality. A widely used one is the Gini coefficient, but there are also many other methods.