Economic Incimality: The Problem Of Economic Inequality

1017 Words5 Pages
Economic Inequality is an issue one has been fighting against for some time now. It comes from the conflict theory, which states that there are finite resources, which creates competition. Those who are known as the have not are the lower class the ones who don’t have the resources. In class we looked at inequality as a bell curve starting with the have not lower class, the middle class, and the upper class. In the bell curve explanation it describes how the upper class wants to maintain power and in doing so they act in ways which harm both the middle and lower class. We also talked about the experience of being poor, middle class, or rich with some exercises and videos. We also discussed how Americans make sense of inequality. In this essay I will be discussing Royce’s book Poverty & Inequality: The Problem of Structural Inequality where he explains that to understand poverty and inequality there are some theories, individual and structural. The main focus of this essay will be the individual theory, and how the person who I interviewed made me…show more content…
Human capital changes depending on how much an individual invests meaning how much effort, time, money they put to learning skills and education. People are poor because of a history of bad investments that has led people with no good education and work skills. The human capital theory, explains how one can reduce poverty by investing more time in ones self. By investing time in ones self one can manage time to continue ones education, which can lead them to a good job and out of poverty. The problem with this is that people are poor because they don’t have the resources to maintain themselves and go to school at the same time. This is the explanation Royce gives about the individual explanation and also it’s concepts. The individual theory defined pretty much what my interviewee strongly agrees

More about Economic Incimality: The Problem Of Economic Inequality

Open Document