- Created by: Ryan62835
- Created on: 22-10-18 11:45
What was Weber's theory?
Weber (1864-1920) believed that inequalities in wealth and income and poverty arises from the different market situations of individuals.
Market situations means the different skills that people have and the different rewards attached to these skills.
A high demand for these skills makes a person more valuable e.g. plumbers currently earn high wages than other skilled manual labors as there is a shortage of them.
What was Weber's theory continued
The people in poverty tend to have a weak market situation as they are more likely to lack the education and skills to gain a well-paid job.
The demand for unskilled and unqualified labour is declining. For some, for example the sick, single parents and elderly, have an even lower market situation due to their circumstance.