Equal Opportunity, Our National Myth by Joseph Stiglitz - Article Example

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From the paper "Equal Opportunity, Our National Myth by Joseph Stiglitz", economically only 58% born in the bottom fifth income earners are able to move out of that category. Furthermore, the life prospects of an American are largely dependent on the income and education of their parents…

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Equal Opportunity, Our National Myth by Joseph Stiglitz

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Subject: Business
Type: Article
Level: Undergraduate
Pages: 1 (250 words)
Downloads: 2
Author: wardderrick

Extract of sample "Equal Opportunity, Our National Myth by Joseph Stiglitz"

Discrimination plays a major role in this where Latinos and African-Americans are paid less than the whites are; women are also paid less as compared to their male counterparts. The major cause of inequality is through education in terms of quality and quantity and this is because there was a lack of its democratization. The current trends in education must be reversed to save the situation, as it may get worse in the current form.

The article reiterates the need to change the current education system in terms of policy and trends. This will ensure that irrespective of the level of society in terms of income, one is able to access education to the highest levels. America has great potential and socio-economic mobility should not be a myth as it is currently. With such changes, businesses will get a boost and thrive due to the injection of knowledge.

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