SOC101Y1 Chapter Notes - Chapter 6: Cultural Capital
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Healthcare, food, nothing really to worry about. It would take more than years to spend billion at the rate of a day. 80% of the world"s money is owned by 20% of the world"s population. In 1951 the average canadian income was , in 2007 its , only due to inflation and. Richest 5th of canadians lose about a fifth of their income to income tax. If it was just the market they relied on, the inequality gap would be much worse. Genes only play a minor role in income inequality, even though there are people who earn a bunch due to their talent, while there are others who have disabilities that prevent them from performing certain tasks. Effort alone does not result in high income. Human capital the investment in education and training. Economic rewards vary even for people with the same experience and type of legal practice because of
