Read Chapter 13 – Issue: Income Distribution

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Contents:

Opening story: The fisherman – 395

Introduction to the Issue – 396

Workplace Discrimination – 401

Radical solution – 402

Liberal solution – 403

Conservative solution – 403

Expanding the Models – 405

Shared Tools: Lorenz curves and Gini coefficients – 405

Exercise 13.1: Comparing Income Distribution on a Lorenz Curve – 407

Conventional Theory Tools: Wages and marginal revenue product – 406

Conventional Policies – 412

Liberal Policy: Progressive taxes to fund government programs – 412

Conservative Policy: Flat consumption tax; defund government programs – 413

Radical Theory Tools: Unhealthy communities and healthy communities – 415

Radical Policy – 419

Radical Policy: Universal basic income; maximum wage caps – 419

Discussion story: Roger Bannister and the four-minute mile – 423

Understanding the Issue – 424

Exercise 13.2: Crossword Challenge – 436

Voices on Income Distribution – 437

• Liberal: Voice, Summary, Talking Points – 438

• Conservative: Voice, Summary, Talking Points – 445

• Radical: Voice, Summary, Talking Points – 452

The Shared Outcome – 459

Three-in-One Activity: “It’s Off to Work We Go” 460

Re-Vote – 467

Test Yourself, Key Terms, Answer Key