Economic Inequality Analysis

Great Essays
Inequality refers to the existence of unequal access to opportunities and availability of wealth within a society. Unemployment is both a cause and symptom of this problem in the sense that individuals who are unemployed are inherently disadvantaged in their place within a society whilst economic inequality also produces the inability to find work. Economic inequality should be viewed under the scope of class, the implicit (or sometimes overt) hierarchies or social forces in societies that dictate the manner of work an individual has access to or may engage in. What these hierarchies or social forces are established on and what differentiates them can be viewed firstly through the Marx perspective which states that class is based on one’s connection …show more content…
In a meritocratic, knowledge oriented workforce, one’s education is directly linked with access to privileged rewards. Thus lower educational attainment would in turn mean that individuals would be in risk of economic marginalisation, specifically that of workforce access. The main divide occurs between secondary and tertiary studies as 85% of individuals remain in secondary education until Year 12 whilst only 67% continue to tertiary or vocational education (ABS 2013a, ‘Learning and knowledge’). Early school leavers would be more likely to face prolonged periods of unemployment and if they were to find work, it would likely be in low-paid and casual positions (Parliament of Australia, Senate Community Affairs References Committee 2004). Furthermore whilst the unemployment rate for individuals with degrees is 3.3%, those with certificates or those who leave school are 5.8% and 7.8% respectively (ABS 2013b, ‘Participation’). Essentially, individuals with the opportunity to attend schooling derived the abilities and resources that enable them to engage in greater rates of workforce employment, creating a disparity between people based on the life chances and circumstances available to …show more content…
Rather than class or status as purported by Marx and Weber, Bourdieu asserts that individuals are grouped based on their habitus or the ‘set of beliefs, attitudes, skills and practises possessed and applied’ in everyday life (Habibis & Walter 2015, p. 53). Similar capital leads to similar experiences that in turn mean that individuals tend to develop in shared habituses that shape their lifestyles. Individuals also have both economic, cultural and social ‘capital’, referring to income, wealth and property, to the ability to employ culture in a socially beneficial manner, and to utilize social networks respectively. Essentially each aspect of capital is a resource that may be exercised to manoeuvre and better one’s position in the ‘field’, the social landscape of competition that people attempt to be elevated up the structural hierarchy. It is both on the basis people’s habitus and their capital that inequality arises as in order to advance up the hierarchy, certain skills or capital is valued to a greater extent, giving preference to those of more socially acceptable attributes such as their race, gender, nationality and other forms of

Related Documents

  • Superior Essays

    This gives the wealthier kids more social capital. Although he argues that his theory lacks reference to human motivation (143), Christian Smith discusses Bourdieu’s ideas on capital by explaining that high economic capital can lead to many other opportunities in a human’s…

    • 1607 Words
    • 7 Pages
    Superior Essays
  • Great Essays

    Income Inequality

    • 1405 Words
    • 6 Pages

    Underlying Causes of Income Inequality According to a report from the charity Oxfam, sixty-two people worldwide hold as much wealth as half of the global population (Stone). The cause of the wealth discrepancy is widely speculated upon and just as widely disputed. Many claim the social gap as the primary cause of this overwhelming income inequality.…

    • 1405 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Bourdieu described three types of capital that place a person in a certain social category: economic capital; social capital; and cultural capital. Economic capital includes economic resources such as cash, credit, and other material assets. Social capital includes resources one achieves based on group membership, networks of influence, relationships and support from other people. Cultural capital is any advantage a person has that gives them a higher status in society, such as education, skills, or any other form of knowledge. Usually, people with all three types of…

    • 838 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Whether it is between men and women or different races, we live in a world where inequality exists in every corner. The type of inequality I will be focusing on is not between the sexes or races, but between the rich and the poor. As Plutarch once said, “An imbalance between rich and poor is the oldest and most fatal ailment of all republics.” Between the two essays, they provide many similarities and differences in opinion regarding the importance of economic inequality, the access of education to all Americans, the role of education in economic inequality, and the importance of the breakdown of the American family in economic inequality.…

    • 1533 Words
    • 7 Pages
    Great Essays
  • Decent Essays

    Income Inequality

    • 202 Words
    • 1 Pages

    United States income inequality is an astronomically immense quandary in today’s society. Now it may not be a quandary on its own but the desirable earnings imbalance such as the kind that is worsening every day in the Amalgamated States is a symptom of an inequitable system in desideratum of rectification. Income inequality of the kind the Amalgamated States is engendering is what one finds in highly stratified class-predicated systems or banana republics. If it perpetuates, it could lead to a revolution and a transition to a less desirable system of a regime. It has often been verbally expressed that FDR's Incipient Deal programs to engender obligatory work for the jobless and put restrictions on the excesses of capitalism didn't just preserve…

    • 202 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Income inequality is the reason for America’s high influx of wealth to the upper percent of our country. Due to a now misrepresented governmental system, Americans wages and way of life has drastically lowered and as a result, has halted America’s once prestigious influence on the world 's economy. With the American dream far from capable in today 's economy, many question America’s opportunities for people of different backgrounds and countries. In our society the greatest achievement anyone can accomplish is getting the American dream, this however, is a struggle in it’s own.…

    • 1232 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    If the definition of public policy is “the outcome of the struggle in government over who gets what” (Cochran & Malone, 2010, p. 14), then it would be reasonable to evaluate policy based on who got what over a given period of time. The economic condition of American families suggests the wealthy have generally maintained control over the national policy agenda. Income distribution in the U.S. today is nearly as unequal as it was in the 1920s; the top 1 percent of Americans received 24 percent of the nation’s income in 1928 and 23 percent in 2012 (Institute for Policy Studies, n.d.). Another way to view economic disparity – wealth inequality – shows the gap between whites and blacks has widened since the recent recession (Kochhar & Fry, 2014).…

    • 1115 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Income Inequality

    • 1280 Words
    • 6 Pages

    Let’s Not Let Poverty Be Our End Game Income inequality is currently at its peak. If I drew a picture between the last economic crash and today, it would look much akin to a suspension bridge, an idea Robert Reich cleverly displayed in his film Inequality for All. Visualizing is an important tool when discussing complex topics, as it’s sometimes difficult to see each piece of the puzzle without relating them to everyday experiences. So let me paint a picture, one that’s currently a hot topic in America; the growing inequality between the classes.…

    • 1280 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Income and Wealth Inequality It is without a doubt that income and wealth inequality is the largest corrosive force toward a decent economy in the United States. The effect of the rich getting dramastically richer while the poor have lost what little they had has lead to some economists labeling the last 20 years as the “Age of Greed.” Income & wealth inequality in America has placed many people below the poverty line and squeezed middle class families; the implementation of a living wage, a higher tax rate on the rich, as well as the formation of impartial community institutions, will create a fair economy. The Age of Greed has been brought on by what Social Trends and Indicators USA calls "Trickle down" theories, that took hold and were…

    • 967 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Income inequality has been a big issue in the United States for more than two decades now, not only that it is still an ongoing issue in today’s society. Income inequality, also known as economic inequality is the unequal distribution of household or individual income across various participants in an economy. Income inequality is usually always associated with the idea of income “fairness”. In addition, studies show that economic inequality has had a negative impact on the standards of living for everyone and how everyone functions in society. Income inequality is not just about the inability of some to afford the finer things in life, but more so of having the same opportunity.…

    • 641 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    Comparative Essay of “Confronting Inequality” and “The Upside of Income Inequality” “30% BONUS-ANALYSIS #2” Inequality is a problem that affects the entire world. This issue involves people of all age, race, gender, and class. A few authors I have read who reflected on this issue are, Paul Krugman, Gary Becker and Kevin Murphy. Krugman’s article, “Confronting Inequality”, argues why and how there is problem with large differences between wages of the poor and wealthy. Becker and Murphy’s article, “The Upside of Income Inequality”, argues the importance of education, and how college gives us the skills and knowledge we need to earn a high income.…

    • 1433 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Pierre Bourdieu was born on 1 August 1930 in Denguin, France. He attained a degree in philosophy and was also the gold medalist of the National Centre for Scientific Research. Throughout his life, he contributed to various areas of discussions and involvements that include art and culture, education, language and methodology (Grenfell 2012:12-14). Bourdieu was also influenced by Karl Marx and adapted his theories to elaborate further on capital in regards to class divisions. Similar to Marx, Bourdieu mentioned that there is a correlation between capital and one’s social position.…

    • 1241 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    One example of this is how social structure controls an individual’s access to capital. Individuals create capital, but in reflection, capital determines where humans place on the social structure scale. The varying access to capital ultimately has an impact upon an individual’s influence and power within society. Giddens and Bourdieu both share the same theoretical framework. However, they both differ in how they explain their theoretical framework.…

    • 812 Words
    • 4 Pages
    Superior Essays
  • Improved Essays

    1. Karl Marx explains social inequalities through a society being stratified along economic lines and social class being defined solely on economic position. According to Marx, a person’s economic position is their relationship to means of production, which defines social class. Based on an industrial society, he defined social class by two classes; the capitalist class (Bourgeoisie) and the working class (Proletariat). Marx felt strongly against capitalism and believed that everyone should have a communistic society, which would have no surpluses so only what is needed by the people would be produced.…

    • 1248 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    People who are not able to get a higher education are not able to get a high paying job. People are then stuck where they are and not able to get themselves out of poverty. With low paying jobs,…

    • 842 Words
    • 4 Pages
    Improved Essays