John Kenneth Galbraith's Famous Economist

Decent Essays
John Kenneth Galbraith is a famous economist. He invented a unique way of “doing” economics. This new way of doing things caused him to become a critic of conservatives and liberal economists. Galbraith believed in government power to balance the role of corporations in the economy and to financially support various activities, such as the arts. Galbraith believes that that those who do the same thing everyday, 40 hours or more every week deserve to be highly compensated for what they are doing. I can understand the feeling of those that believe those who work in a setting where you are doing the same thing over and over again deserve shorter hours and a larger pay because they are taking the jobs that nobody wants to do and producing necessities to the lives we live, but they don’t deserve the …show more content…
Everyday Ben clocks into work, changes into his uniform, goes to the section of the factory that he works in, picks up the screw driver, waits for the car to come to him, and buzz, buzz, buzz, buzz, screws four bolts into the car to keep the tire in place. The next car comes, buzz, buzz, buzz, buzz he screws four bolts into the car. He repeats this process until his shift is over. Ben then does the same thing everyday. Does this job contain as much brain power as a programmer, or a lawyer? No. So does Ben and all his employees really need to be paid the same as the lawyer or the programmer? Not necessarily. I’m not saying they deserve to get paid close to nothing but, I don’t think it should be nearly as much as the the lawyer or the programmer. Having a repetitive job might not be the most fun job in the world but, it is definitely not one of the hardest jobs out there. They don’t take the same mental capacity as the lawyer, programmer, or doctor. Because of that, do they really deserve more money and shorter hours

Related Documents

  • Improved Essays

    With a culture preoccupied by the belief that material gain constitutes fulfillment within life, it is becoming increasingly common to view the act of living as the need to obtain wealth. This inane form of existence is a result of the capitalistic system in which our Western world is governed. An essay that effectively expounds the circumstances leading up to the current economic disparity among the classes is Edward McClelland’s, RIP, The Middle Class: 1946-2013. In the U.S. today, the need for a stable and remunerative job is one of the greatest concerns of an adult.…

    • 1031 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Andrew Williams, in his paper, Incentives, Inequality and Publicity, takes to task Cohen’s analysis of Rawls’ remarks concerning what the basic structure of society consists in. Drawing on a close examination of Rawls’ comments on the subject, Williams’ posits a characterisation that pushes to the fore the idea of publicity. The upshot of William’s analysis is that Cohen’s attempt to broaden the definition of the basic structure to capture individual choices, and in so doing identify society possessing an egalitarian ethos as a demand of justice, fails because it is not consistent with Rawls’ publicity requirements. The difference principle, Williams maintains, “is inherently restricted” and “applies only to a society's fundamental social,…

    • 1179 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    In the excerpt from The Gospel of Wealth, Andrew Carnegie expresses his views of the current age from earlier eras. He had the notion that the rich and the poor should bind together and benefit as one. He noted that not only the conditions in which they were living had changed, but it had ‘revolutionized’. This created many contrasts between the social classes that he believed were beneficial for the human race.…

    • 611 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Through experience, knowledge, and personal observations, Mike Rose claims that contrary to popular beliefs Blue Collar workers are as smart, critical, and strategic as white collar worker if not more. Rose acknowledges that when people hear the words blue collar they automatically think of muscles, rolled up sleeves, but no “brightness behind the eye, no image that links hand and brain”(Rose). Rose is saying that people just see blue collar workers as tools just using their body to do a job without any sort of brain function. People value them for their hard work, dedication, and perseverance but not their intelligence. The author states that we tend to overlook the math, literacy, perception, that blue collar workers endure because it's…

    • 222 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Data Response Questions

    • 752 Words
    • 4 Pages

    Data Response Questions a) Using Extract D, identify two significant points of comparison between the data shown in the two bar charts. (5 marks) In the first bar chart, the highest amount of migrant workers as a percentage of total employment is in agriculture at a percentage of 92%, whereas in manufacturing we see the lowest percentage of migrant workers as a percentage of total employment at 15%. This compares the second bar chart where agriculture has the lowest percentage for total employment as a percentage of total UK employment with a percentage of 2%. With the highest percentage in the second bar chart being at 18% for distribution, hotels and restaurants for their total employment as a percentage of total UK employment.…

    • 752 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    John Locke was a famous philosopher and one of the enlightenment thinkers. His works included the views on liberalism and empiricism. John Locke had many views on society, education, and freedom. Many of Locke’s writings were centered around theories and beliefs. Locke’s views and beliefs greatly impacted the way the world thought.…

    • 662 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Ender’s Game Research Paper John Locke was a well known English philosopher from the 1700’s. He was widely regarded as the “Father of Classical Liberalism”. Locke’s philosophies are based on the need “to search after truth rather than simply accept the opinion of authorities or be subject to superstition. He wants us to proportion assent to propositions to the evidence for them. ”(Uzgalis 2001).…

    • 515 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    What will happen if immigrant and skilled workers switch their roles? If their roles reversed then I doubt that would impact on immigrant workers since they can able to work hard and earn more money. Otherwise, skilled workers would be very disappointment in their job position and figure they can do more. What will happen if wage inequality between upper class and poor class did not exist?…

    • 105 Words
    • 1 Pages
    Decent Essays
  • Decent Essays

    According to author Matthew Crawford in the article “ What A Good Job Looks like”, Mattew Crawford talks about the art of a good job. Having passion about something you are doing not because you have because you want it. Matthew Crawford talks about how hard work always pays off at the end. When you have a goalArthuryou can always reach it, if you put your mindset to it. Matthew Crawford was talking about how we tend to work any job that we have.…

    • 169 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Bourgeois Inequalities

    • 501 Words
    • 3 Pages

    If I were to be the owner of a bakery I would address fairness and equity in many different ways, for it is a complex issue. Within my bakery I would first eliminate what Cohen calls “Bourgeois” inequalities. This includes formal and informal social customs like inequalities based on gender, race, etc. Discrimination of this kind will not be tolerated not only between employees but also towards customers. Every customer has an equal chance to purchasing a baked good and products will be distributed on a first come first serve basis at a fair price.…

    • 501 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Bartleby is a scrivener, a common job involving labor. Bartleby works with the Lawyer to allow his business to function. Bartleby, along with the other scriveners, are at the disposal of the Lawyer for work. The term that Foley can applies to them is that they are “wage slaves” (91). Foley also notes, “Marxist critics have argued that ‘Bartleby’ offers a portrait of the increasing alienation of labor in the rationalized capitalist economy that took shape in the mid-nineteenth-century United States” (Foley, 91).…

    • 388 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Execution Based Pay: Should the Minimum Wage be canceled? Extra time, financial analysts have been looking into on the need and impacts of the lowest pay permitted by law on people groups' lives. It is the measure of remuneration forced by the government since 1938 underneath which workers ought not offer their administrations. From that point forward, this wage level has been expanding with time.…

    • 731 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    John Locke Economist In modern time, economies that are alive and well today are based off of the teachings of centuries of different countries methods and a handful of philosophers. John Locke is one of those philosophers, another one of those famous philosophers was Adam Smith. Both Adam Smith and John Locke were great economists during their times. John Locke focused more on natural rights for citizens and having a government to serve the people.…

    • 925 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Raise Minimum Wage Essay

    • 761 Words
    • 4 Pages

    Nowadays, as long they will find people who will work for low wages they will keep their business running. When people get paid lower, it is bad for the economy because they don’t have money to expand on demands. They are selfish and self-centered. Hopefully, companies start paying workers a better pay…

    • 761 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Several professions can make a lot of money, but the loads of money that they acquire won’t make up for the hours of miserable work. Obviously, everyone would rather be lazy and relax on a beach, but after awhile that gets boring and a job that makes someone happy in the long run is the leading option. The prime way to know if someone has a good job is if their friends are impressed with the work. If close friends and family think the job is admirable, then it probably…

    • 906 Words
    • 4 Pages
    Improved Essays