Economic inequality

Chapter 7 Social Class: The Structure of Inequality Social Stratification and Social Inequality Social stratification is the division of society into groups arranged in a social hierarchy. Social stratification is a characteristic of society (not individuals) and can persist over generations. Systems of Stratification Slavery is the most extreme system of social stratification and is based on the legal ownership of people. A caste system is a form of social stratification in which status is determined by one?s family history and background and cannot be changed.

Black Community

Subject:

US History

Rating:

No votes yet

Tags:

Distribution of wealth

Economic inequality

Income distribution

Wealth

Poverty

Civil Rights Act

White privilege

Racial inequality in the United States

Social Issues

Employment is a major contributor to wealth accumulation. ?We?ve seen a game change in blacks getting white collar jobs,? says Tom Shapiro, director of the Institute on Assets and Social Policy at the Heller School at Brandeis University. ?The African-American middle class is no longer coming out of a service industry serving only the black community,? he says. These advancements are underplayed. However, the wealth gap between whites and African-Americans has tripled since 1984. Shapiro?s research estimates the wealth gap for median white households compared to black households grew from $85,000 in 1984 to $236,500 in 2009.

Simple Math

Subject:

Economics

Rating:

No votes yet

Tags:

Income in the United States

Distribution of wealth

Wealth

Great Compression

Wealth inequality in the United States

There is a class war going on in this country. And my class is winning"?Warren Buffet???There is one meta fact about wealth and inequality in this country that trumps all others- this is a very, very, rich country. If there were a UN sponsored Olympics for the worlds riches we would be the silver medal winners in per capita wealth among developed countries, second only to the Swiss who have cornered the gold (literally and figuratively) with their secret banking billions.??Just how rich are we? With just 5% of the world?s population we own just shy of one third of all the wealth in the world- 32.6%. That?s $201,319 for every adult American.

Minimum Wage

Subject:

Economics

Rating:

No votes yet

SocialTags:

Labor economics

Employment compensation

Economics

Macroeconomics

Human resource management

Labor

Tags:

Employment compensation

economics

macroeconomics

Socioeconomics

Human resource management

unemployment

Employment Policies Institute

Labor

Minimum Wage Nathan Yu ENGLISH LANGUAGE AND COMPOSITION SECTION II Question 1 (Suggested time?40 minutes. This question counts for one-third of the total essay section score.) Minimum Wage has been a highly controversial topic for many years. Supporters argue that it is necessary in that minimum wage provides more to workers, allowing them to live better lives. Others argue that minimum wage may provide temporary benefits, it only causes harm to the economy as it causes inflation and unemployment.