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The ancient Greek philosophers Plato and Aristotle debated economic equality. Painting by Raffaello Sanzio (1509). According to professor of politics Ed Rooksby, the concept of equality of outcome is an important one in disputes between different political positions, since equality has overall been seen as positive and an important concept that is "deeply embedded in the fabric of modern ...
Equality: Regardless of their inputs, all group members should be given an equal share of the rewards/costs. Equality supports that someone who contributes 20% of the group's resources should receive as much as someone who contributes 60%. Equity: Members' outcomes should be based upon their inputs. Therefore, an individual who has invested a ...
Equal opportunity then emphasizes a fair process whereas in contrast equality of outcome emphasizes an equal outcome. [4] In sociological analysis, equal opportunity is seen as a factor correlating positively with social mobility, in the sense that it can benefit society overall by maximizing well-being. [4]
The principle is part of justice that established distributive justice.Rawls awards the fair equality of opportunity principle lexical priority over the difference principle: Society cannot adjust inequality to maximize the proportion of those who are most vulnerable without providing positions and the opportunities that are necessary for the worse-off to achieve them.
[42] [43] Social equity is about equality of outcomes for each groups, while egalitarianism generally advocates for equality of opportunity, recognizing that a fair society should provide all members with the same opportunities while recognizing that different outcomes are expected due to human individuality. [44]
Social inequality usually implies the lack of equality of outcome, but may alternatively be conceptualized as a lack of equality in access to opportunity. [ 1 ] Social inequality is linked to economic inequality , usually described as the basis of the unequal distribution of income or wealth .
The Equal Credit Opportunity Act of 1974 (ECOA), signed by President Gerald Ford 50 years ago on Oct. 28, 1974, changed that. It prevented creditors from discriminating against an applicant ...
Considered one of the justice theories, equity theory was first developed in the 1960s by J. Stacey Adams, a workplace and behavioral psychologist, who asserted that employees seek to maintain equity between the inputs that they bring to a job and the outcomes that they receive from it against the perceived inputs and outcomes of others. [2]