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Social inequality usually implies the lack of equality of outcome, but may alternatively be conceptualized as a lack of equality in access to opportunity. [1] Social inequality is linked to economic inequality, usually described as the basis of the unequal distribution of income or wealth.
A number of factors may help explain this increase in inequality, not only underlying technological changes but also the retreat of institutions developed during the New Deal and World War II - such as progressive tax policies, powerful unions, corporate provision of health and retirement benefits, and changing social norms regarding pay ...
Its population grows and the cost of labor drops. A wealthy upper class emerges, and life for the working class deteriorates. As inequality grows, a society becomes more unstable with the lower-class being miserable and the upper-class entangled in infighting. Exacerbating social turbulence eventually leads to collapse.
The real debate should be about why and what to do about it. The fact that so much inequality comes from the labor market is a real clue that much of the answer is that policy changes ...
Wealth and income inequality in the United States is large and growing. "The upper 1 percent of Americans are now taking in nearly a quarter of the nation's income every year. In terms of wealth ...
Buildings in Rio de Janeiro, demonstrating economic inequality. Effects of income inequality, researchers have found, include higher rates of health and social problems, and lower rates of social goods, [1] a lower population-wide satisfaction and happiness [2] [3] and even a lower level of economic growth when human capital is neglected for high-end consumption. [4]
Income inequality is a discussion that’s been surfacing off and on for years now, but thanks to presidential politics, it’s once again in the headlines.
Davis believed that ascriptive inequality led to stratification; however, he also believed that stratification was a functioning mechanism to motivate people to do better. He thought that there were certain individuals who were designed for a task, but that others could use competition as motivation to move up the social hierarchy based on ...