SOCIOL 3AC Lecture Notes - Lecture 9: Social Fact, United Automobile Workers, Great Divergence
Document Summary
Low-skilled labor tends to be exported (manufacturing), leaving high-skilled occupations in demand (requires college degree) Us offers low minimum wage and less support for unions while assisting the wealthy with tax loopholes and incentives to export labor. Inequality harms economic growth because it takes money out of the consumer market. National health care reduces the number of work days lost to illness. From 1960 to 1980: among college graduates, there is no connection between the occupational status of their parents and their own . 2nd essay: how the class background of my family, has influenced my education. The paradox: productivity in the us is on rise, average income is on the rise but the average working person is in worst financial shape. Issue with average-skews/misleading (thrown off by wealthy earners) Median is a better reflection of how income is distributed. Between 2000-2011: bottom 60% of americans experience decrease in median.
