On the other hand‚ conflict theorists argue that income inequality is part of a socio-structural force lead by elites to increase their wealth and opportunity at the expense of the working and middle classes. The theory of structural functionalism‚ coined by Davis and Moore (1945)‚ asserted that stratification was necessary in society. The primary reasons given for their claims were that stratification serves a useful function of society. That is‚ not every job or task is equally important or desirable;
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One prominent explanation for the discrepancy between the perceived and actual income inequality is the reference group theory (Hyman‚ 1960). Reference groups usually refer to relatively small groups such as family‚ neighborhoods‚ or regions where the individuals live. Individuals will usually compare themselves to others when evaluating their own positions. If they do not properly take into account the selection process and fail to apply the Bayes’ rule to deduce the income distribution for the
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Economic Inequalities; a Bitter Truth or a Crazy Fantasy? The big changes happening nowadays in society have raised the economic inequality between people and therefore between small and big cities. Behind these inequalities stay factors such as technological development‚ investment or population growth. The value of big economic improvement is also attributed to small factories which make the economy flourish‚ such as Nuvotronics‚ which was explained in the article by the Economist. For other
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When we think of income inequality‚ we may think of it as an inevitability‚ a way of life. We may think that the rich get rich and the poor stay poor‚ because that is just “the way it is.” However‚ this is not the case. In Pulitzer Prize winning New York Times economic journalist David Leonhardt’s article from May 2014 “Inequality Has Been Going on Forever...but That Doesn’t Mean it’s inevitable‚” Leonhardt learns from French economist Thomas Piketty that income inequality occurs due to some individuals
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Book talk Savage Inequalities: Children in America’s Schools by Jonathan Kozol The Author The first surprising impulse‚ Jonathan Kozol is a White. The point to be made is that given the content‚ his identity is surprising; but it is also a good thing‚ because he is concerned with the larger picture‚ which is USA. Kozol is an American Educationalist born in Boston‚ and him being an insider‚ for me an outsider‚ makes the matter believable. He is a great writer‚ well known for several works such
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300265377 Why is Socioeconomic Inequality so High in Latin America? GEOG212 Why is Socioeconomic Inequality so High in Latin America? Introduction One of the most prominent features of Latin American countries is their collective characteristic of extensive and pervasive socioeconomic inequality (Huber 2009). Latin America has been described as the most unequal region of the world (Gasparini & Lustig 2011). Inequality within the region is so
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Economic inequality is a touchy subject‚ with people that view it as a good thing but most viewing it as a bad thing. In his article‚ “How income inequality benefits everybody”‚ George Will goes over why economic inequality is a good thing by going over various things that get affected when the wealthy corporations outsource jobs and products. He uses examples from an author‚ John Tamny from Forbes‚ that are pointed to give the reason why outsourcing and the rich getting richer makes prices go down
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Leonhardt’s article‚”Inequality Has Been Going On Forever...but That Doesn’t Mean It’s Inevitable”‚ illustrates the mechanisms and possible solutions to economic inequality. He starts off on a negative note‚ by emphasizing the detrimental effects that economic inequality brings for the impoverished and contrasts them with the affluent. Then‚ he introduces the fundamental principles behind the formation of economic inequality using hypotheticals to explain the disparity between the rich and poor.
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An inevitable consequence of economic growth is increasing inequality. Do you agree or disagree with the assertion? In the world we live in today‚ it is quite obvious to see that inequality is a growing consequence of economic growth. In this essay I will discuss how inequality affects states and the individuals living in the state. There are increased demands for educated workers; dependence of technology; privatization of markets; and the rise of capitalism which have led people to have drastic
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Gender Inequality and Post-Secondary Education in Canada INTRODUCTION Historically‚ gender differences have been at the core of social and economic injustice and women have faced fundamental disadvantages (Tepperman & Curtis‚ 2011‚ p. 351). Despite recent changes in formal equality – the introduction of protection for women in the Constitution Act‚ 1982 and the Charter of Rights and Freedoms‚ for example - informal barriers are still present which lead to the discrimination of women (Tepperman
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