6 Unequal Work fall10 Bb.ppt

6 Unequal Work - FMSC 381 Two Americas Is this just"the way it is Economy can grow despite increasing inequality M M Is it fair We are less

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FMSC 381, September 17, 2010
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Two Americas? Is this just “the way it is” Economy can grow despite increasing inequality M Is it fair? We are less prosperous because of inequality M Distribution example
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Working Poor Labor market problems faced by low- income families Unemployment (consistent or sporadic) Involuntary part-time employment Low earnings Contingent labor
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Thinking about money Cascade Not having choices How to spend $: An American problem M Earned Income Tax Credit M Scams Banking services Workplaces
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Effects on Family Life Families responses Women go to work Work more hours Mortgage homes M Consequences Young men suffer Less educated suffer
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Inequality and Wages Black earnings as percentage of White earnings 0% 10% 20% 30% 40% 50% 60% 70% 80% 1 2 3 4 5 6 7 Year Percentage 1940 1950 1960 1970 1980 1990 1998
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Real and Actual Wages Actual wage Amount received by laborer for productive work M Real wage Amount of goods/services purchased with actual wage Buying power; changes with inflation M Changes over time
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This note was uploaded on 01/19/2011 for the course FMSC 381 taught by Professor Staff during the Fall '09 term at Maryland.

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6 Unequal Work - FMSC 381 Two Americas Is this just"the way it is Economy can grow despite increasing inequality M M Is it fair We are less

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