HDF 110 Lecture 5: Week 5 Notes (3)

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5 Dec 2019
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Weel 5 Notes: OPPRESSION OF THE POOR
Why there’s a LARGE GAP between people at the top and bottom:
1978-- average CEO made 35 times more than average worker
2010-- average CEO made 243 times more than average worker
average CEO paid 821 times more than minimum wage earner
earning more before lunch time on the first work day of the year
than minimum wage earner earns all year
Average CEO makes more in one day of work than average worker makes
in one year
How those at the top get away with it:
Those on the top make the decisions on how to allocate earnings
Limited resources for those on bottomhave limited choice
Company threats to layoff, fire, move company, etc. when people
complain
IT’S NOT THAT PEOPLE AT THE TOP OF A COMPANY ARE BAD PEOPLE!
Simply the fact that they’re part of the oppressive system (even if
they didn’t ask for it/create it)
Justifications:
People worked VERY hard to get to top
Jobs are VERY STRESSFUL for those on top
Capitalistic System: economic system based on private ownership, free trade, &
competition
goal of capitalism is to turn money into more money
Takes money to make money
Rich get richer; poor get poorer
Gov has little say about production of goods/services
Suggested Institutional Changes to Reduce Poverty:
Create income-maintenance system that recognizes need for full-time
childcare
Provide support for low-wage workers
Close gender pay gap
Create jobs that don’t assume you have “wife” at home to perform
household work & childcare
Make education and training affordable/available for all
Fix tax structure
READING: Concerted Cultivation and the Accomplishment of Natural Growth
Difference in child rearing between middle-class & working/poor class
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