Warm-up:
Respond to the following:
4) Consider the pillow company CEO. He is already rich, so why is it in his interest to lessen income inequality?
5) Describe the “virtuous cycle” that created a strong middle class in the 1950s, ’60s, and ’70s.
6) Explain the “vicious cycle” that leads to high inequality, a stagnant middle class and a debt crisis.
4) Consider the pillow company CEO. He is already rich, so why is it in his interest to lessen income inequality?
5) Describe the “virtuous cycle” that created a strong middle class in the 1950s, ’60s, and ’70s.
6) Explain the “vicious cycle” that leads to high inequality, a stagnant middle class and a debt crisis.
Objective:
SWBAT clarify and draw connections between economic and political trends as they relate to social class.