PSYC-2430 Lecture Notes - Lecture 16: Economic Inequality, Fatalism, Basic Income
15 Nov 2018
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Gini index (0 = all equal, 100 = one person has all the money: canada is at 33ish, us is becoming more unequal, 8 men have as much money as 3. 8 billion people. Fatalism: its inevitable consequences of greedy human natures . Con"t explain di erence in inequality between countries within countries over time. Justi cation: it"s motivating and makes the american dream possible. Doesn"t actually align with the evidence except in really poor countries. The more unequal-ness, the more social mobility. Normalizing: it"s just how it is - consequence on di erence in peoples" characters and talent. Explains why inequality exists, but does not address the question of whether there is not enough blah blah blah. Know for the exam - produce this list. Equal rich countries (happy) - ex norway. The equality vs the wealth is what actually makes people happier. Why is economic inequality increasing: globalization, automation, strong-link thinkers.
