SOC 330 Lecture Notes - Lecture 6: Gini Coefficient, Forbes 400, Maximal Function
20 Feb 2019
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Amongst the novel objects that attracted my attention during my stay in the united. States, nothing struck me more forcibly than the general equality of conditions. - alexis de tocqueville, 1835. The 400 wealthiest individuals on the forbes 400 list have more wealth than the bottom. Between 1983 and 2009, over 40% of all wealth gains flowed to the 1% and 82% of wealth gains went to the top 5%. The bottom 60% lost wealth over this same period. In 2010, average ceo pay for an s&p 500 company was . 8 million, a 27% increase over 2009. The gap between ceo and average us worker pay is 325 to 1, up from 42 to. Can compare between societies and within society over time. Order items from least share to greatest share. Same pattern across all media and genres. Small differences in initial success lead to large differences as the market evolves. The rich get richer and the poor get poorer.
