What is intergenerational wealth? Why does America lag behind in intergenerational mobility?
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Power and Social Control INSTRUCTIONS:
Write a two page essay
Read or listen to articles from all eleven days (in the NY Times link below) and focus on health, marriage, religion, education, immigration, status markers, new money, old money, hyper-rich, culture of the rich and overcoming poverty. These stories represent an inquiry into class as Americans encounter it: indistinct, ambiguous, the half-seen hand that upon closer examination holds some Americans down while giving others a boost.
The trends are broad and seemingly contradictory: they sometimes show a blurring of the landscape of class along with a simultaneous hardening of certain class lines. While there are more self-made millionaires and billionaires in the U.S. than ever before, at the same time upward mobility seems to have stagnated. While it is easier for a few high achievers to scale the summits of wealth, for many others it has become harder to move up from one economic class to another. Americans are arguably more likely than they were 30 years ago to end up in the class into which they were born.
The overriding trend is that wealth is being redistributed upward in American society. Today, the wealthiest 20% of Americans own a much greater percentage of all wealth than the remaining 80%.
Address the following is your essay:
Summarize the debate over a class-based versus classless society. Identify the four common criteria for gauging class. Are we an upwardly mobile population? Explain why or why not. What is intergenerational wealth? Why does America lag behind in intergenerational mobility?
Format:
APA
Times New Roman 12 font
2 pages
CONTENT:
POWER AND SOCIAL CONTROL Name: Institution: Instructor: 6th September 2015 In a society, a class is normally defined as a group of individuals occupying the same position in an economic system. Societal class can be distinguished in two ways: a class-based and a class-less society. In America the thing of power and social control has and still for long it has been an issue of discussion in the book who does rule America? That’s now in its 7th edition and in its new title the triumph of the corporate rich. This paper is focusing on the debate between the class based verses the class less, the criteria used for gauging a societal class, the mobility and the integrated wealth in America. The criteria for gauging class focus in the mass production, the level of technology and the division of labor of the country. The indicators of class are education, wealth, culture and the occupation. This is evident by the existence of the boarding schools, colleges, social clubs, inheritance and mob
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