SOC 125 Study Guide - Midterm Guide: Golden Parachute, Labour Power, Revealed Preference
Document Summary
An inequality is unjust when it is unfair and something could be done to change it. Persist because of unwillingness to change and power inequalities. Are fair so long as obtained through equal opp. Everyone gets a share of society"s resources to have a flourishing life. Rich are more likely to work if they get to keep their money, poor are more likely to work harder if they aren"t just given money. Reducing inequality, reduces incentives, reduces productivity, harming the poor. Critique 1: preferences are formed through processes shaped by institutions. Class system that you can achieve your worth, ladder. Groups maintain exclusive control over a resource, wealthier get better education and get better jobs, keeping the poor poor. Rich are rich because the poor are poor. Opportunity hoarding is exclusionary processes with jobs. But larger shares of poverty are by minorities. Education variant: getting poor education (society fails) leads to people failing.
