Problem: Provide an economic rationale for why you might "reasonably" complain if your child dates a person from "across the tracks" (i.e., from a lower socio-economic status).

Based in NY Times series about Class in America and other online readings:
2. Briefly identify recent trends in

1. income inequality:
2. social mobility:
3. class differences in health:
4. diversity among the American elite:
5. leisure time:

3. "Social class" means different things to different people. What are some of the things it means?

4. Why does upper middle-class Americans live longer and in better health than middle-class Americans, who live longer and in better health than lower-class Americans?

1. How are health care and social class related?
2. What solutions have been proposed to close the gap?
3. How might a socialist or communist system address health care options for the population?
   1. Consider the composition of households below the poverty line in the United States.

1. How is the official poverty rate determined?
2. What percentage of U.S. households are poor?
3. How does the incidence of poverty vary by race, age, type of household?

1. Women who own their own businesses earn net profits that are only half as large as the net profits earned by men. Why are women more willing to accept lower profits? Could this reflect poorer options for women as employees? Are lower profits by women evidence of discrimination? Could they evidence of bad luck or different risk preferences among men and women?

7. The Gini coefficient:

a. Ranges between 0 (complete inequality) and 1 (complete equality) of incomes.

b. Measures how hard you have to rub a magic lantern to have your wishes come true.

c. Is around .15 in the U.S. today.

d. Ranges between 0 (complete equality) and 1 (complete inequality) of incomes.

e. Is around .75 in the U.S. today.

1. Which of the following statements is TRUE of the two graphs below for countries A and B?
3. Country A Country B
   1. Country A has a lower Gini coefficient, and a more equal distribution of income.
   2. Country A has a lower Gini coefficient, and a less equal distribution of income.
   3. Country B has a lower Gini coefficient, and a more equal distribution of income.
   4. Country B has a lower Gini coefficient, and a less equal distribution of income.
   5. The graphs show Lorenz curves, which have nothing to do with Gini coefficients.

9. Is inequality a bad thing?

1. Why is inequality bad for our society?
2. What arguments do conservatives use in favor of inequality?
3. State and justify your own opinion whether inequality is a bad thing.
4. List several government policies designed to combat inequality.
5. Which of the policies is in your opinion has the most potential in achieving the desired results.

1. Having read the online articles about minimum wages, what side do you take in the minimum wage legislation debate? Do you think higher minimum wages will help reduce poverty in this country? Or would higher minimum wages increase unemployment?

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