ISS 215 Lecture 23: ISS 215 10.31 Notes (Discriminations & Outcomes, Race and Pricing Disparities)
Document Summary
Political power and lack of prejudice is not necessary for group achievement. Historical data strongly suggests the opposite pattern: economic attainment first, power and liking follows. In the present of explicit barriers, it"s obvious that groups don"t do that well. A belief that my group"s success depends on other groups" failures and that my group"s failure is because of other groups" success. Lead groups to feel locked in a zero sum battle with other groups (in every bit that i win, you lose/in every bit that i lose, you win) If the ceo makes more, i make less (if people on top win, i am losing) Leads to sense of resentment and exploitation in relation to successful groups. Urban blacks and hispanics pay more than whites. Higher interest on loans (payday loans and pawnshops) Prices for grocery goods and other consumable goods. Quality of the items and service in low-income stores.