sociology_essay.pdf

Jun 27th, 2015
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Prosperous is the state of the modern industrial economy as reported by our statisticians. So, just as prosperous is the state of the populace? A common heuristic is to then point out rising per capita indices of wealth and welfare. Certainly, such indices attest to some notable improvements in welfare across the board and absolute we cannot expect absolute equality. But with executive to employee compensation ratios as high 354, our current 1 socioeconomic landscape is truly worrying.

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QUESTION 1BNET ID: LY224Prosperous is the state of the modern industrial economy as reported by our statisticians.So, just as prosperous is the state of the populace? A common heuristic is to then point out risingper capita indices of wealth and welfare. Certainly, such indices attest to some notable improvements in welfare across the board and absolute we cannot expect absolute equality. But with executive to employee compensation ratios as high 354,1 our current socioeconomic landscape istruly worrying. It is particularly worrying because the socioeconomic landscape shares deep andinextricable links with the health of individuals and the public at large, with deep and immenseimplications on both, as reported by countless social scientists and summed up by Subramanian.2Ideally then, Cohens3 article in the Times should not exist because Prices actions should not beat all necessary. Nevertheless, Prices good deed inadvertently sets up a social experiment. But owing to scientific research already done, and the replicability of good science, Prices accidentalexperiment is rendered redundant. This paper will go on to anticipate the effects of increasedindividual income and a more equal distribution of income on individual employee happinessand the average happiness of the company, contingent on the employees initial socio-economicstanding. These effects will then be further protracted to anticipate the effect of Prices actions onhis employees

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