labor
People who live in poverty are typically working in which type of job?
Low-income jobs
What is a type of commodity money?
Gold coins
False
The theory that describes the different in pay while doing the same job is called what?
Discrimination theory
What are social norms?
When COVID broke out what did it trigger a rise in?
Unemployment
Our economy today is referred to as
Financialized, wealth is gained from working with money.
What is a currency called when it is considered official by the government?
What are gender-type jobs?
The jobs that people think are supposed to be for one gender, not both.
How many people are living in poverty today?
41 million
Doctors being the most desirable people are part of which theory?
Human Capatilst theory
What is the current poverty rate?
12.3%
What is a method that allows for organizing labor for lots of people?
Corporations
How much less are woman making compared to men?
15% less
How much is the median average household income?
$61,000
Black codes in the 1800s are an example of what?
Social closure, they were not allowed to work in certain fields.
What is the money that college graduates make compared to those who don't go to college called?
College Premium
What type of people shape behavior within a corporation?
Political activists
The difference in income is between gender is called what?
Gender wage gap
What are some examples of availabe resources the 1% may have vs the 99 percent?
luxury items, high-quality education, private healthcare, investment opportunities, etc
Why do people in poverty work low-income jobs?
Inability to get experience(lack of higher education)
What occurs when money depreciates in value?
Inflation
True or false: Bitcoin is NOT a government regulated currency.
Explain how statistical discrimination works.
Employers pay less to those who are less productive than others.
What are some defining characteristics of the 99%?