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2. No society should expect or desire complete equality of income at a given point in time, for a number of reasons. These include:
a. Most workers receive relatively low earnings in their first few jobs, higher earnings as they reach middle age, and then lower earnings after retirement.
b. People’s preferences and desires differ. Some are willing to work long hours to have higher incomes.
c. both a and b
2. No society should expect or desire complete equality of income at a given point in time, for a number of reasons. These include:
a. Most workers receive relatively low earnings in their first few jobs, higher earnings as they reach middle age, and then lower earnings after retirement.
b. People’s preferences and desires differ. Some are willing to work long hours to have higher incomes.
c. both a and b
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Raushan RajLv8
1 Nov 2020