SOC236H5 Lecture Notes - Lecture 6: Lower Middle Class, International Inequality, Progressive Tax
Document Summary
Soc236 week 5: winners and losers: any change will always benefit some groups and leave others worse off. : middle distribution of middle income countries doubles. Winners are the middle classes of asia, lower middle developed classes are the losers. Are the two related: greatest beneficiaries of globalization: the global 1% is from richest countries. 1% received a 60-70% income increase: gains by the numbers: statistics. If you have a lot to begin with, marginal i(cid:374)(cid:272)reases are a lot (cid:373)ore sig(cid:374)ifi(cid:272)a(cid:374)t tha(cid:374) if you"re at the (cid:271)otto(cid:373: within country inequality: most and least income growth averages = global north. Many labour jobs were outdated and outsourced: explaining within country inequality within north: assertive mating more common (marry with similar skill and income), pay gaps between management and workers are increasing. Innovation + globalization = many jobs automated, tech that manufactures this made in asia.
