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Unformatted text preview: Another component to this article are the ideas of unearned and earned income. Unearned income correlates with ascription whereas earned ties in with achievement. An example of unearned income would be if a person inherits the family’s wealth. A person graduating college and landing their dream job would be an example of earned income. David Wessel’s article, “As the Rich-Poor Gap Widens,” on the other hand, focuses more on the ideas of mobility and the wide income gap. Also, Wessel’s article doesn’t solely center of America, but compares the United States to European countries as well as Canada. However, both Alperovitz/Daly and Wessel use the concepts of technology, globalization, unearned income and make references to the past....
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This note was uploaded on 11/14/2011 for the course ECON 01 taught by Professor Clairebattista during the Fall '10 term at Cal Poly.
- Fall '10