Search results
Results From The WOW.Com Content Network
Economic mobility is the ability of an individual, family or some other group to improve (or lower) their economic status—usually measured in income. Economic mobility is often measured by movement between income quintiles. Economic mobility may be considered a type of social mobility, which is often measured in change in income.
Illustration from a 1916 advertisement for a vocational school in the back of a US magazine. Education has been seen as a key to socioeconomic mobility, and the advertisement appealed to Americans' belief in the possibility of self-betterment as well as threatening the consequences of downward mobility in the great income inequality existing during the Industrial Revolution.
Horizontal mobility, which is a type of social mobility, refers to the change of physical space or profession without changes in the economic situation, prestige, and lifestyle of the individual, or the forward or backward movement from one similar group or status to another.
Illustration from a 1916 advertisement for a vocational school in the back of a US magazine. Education has been seen as a key to social mobility and the advertisement appealed to Americans' belief in the possibility of self-betterment as well as threatening the consequences of downward mobility in the great income inequality existing during the Industrial Revolution.
Structural unemployment is a form of involuntary unemployment caused by a mismatch between the skills that workers in the economy can offer, and the skills demanded of workers by employers (also known as the skills gap). Structural unemployment is often brought about by technological changes that make the job skills of many workers obsolete.
Infrastructure includes the basic physical and organizational structures needed for the operation of a society or enterprise, [1] or the services and facilities necessary for an economy to function.
Image source: The Motley Fool. Lyft (NASDAQ: LYFT) Q4 2024 Earnings Call Feb 11, 2025, 5:00 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...
Peter M. Blau (1918–2002) and Otis Duncan (1921–2004) were the first sociologists to isolate the concept of status attainment. Their initial thesis stated that the lower the level from which a person starts, the greater is the probability that he will be upwardly mobile, simply because many more occupational destinations entail upward mobility for men with low origins than for those with ...