Disaparity economics Who is the top 1% of the income and where do they Essay

Disaparity economics Who is the top 1% of the income and where do they live - Essay Example Disparity economics is influenced by many factors like globalization, political environment, and cultural changes. In America, it is claimed that globalization made â€Å"money go truly crazy† (Peterson, cited in Freeland). The lifestyle of the richest is a far cry from that of the poor. The richest are the globetrotters who never stay in the country for long. They know foreign places better than they do places in their own country. They spend more time with airline flight attendants than with their families. Most of these richest people are businessmen. A look into the lives and cultures of these people helps a common person to assess how differently they live their lives than a middle class person who has to deal with so many insecurities in life. For example, the employment market is so unpredictable because the economic condition of the country has made layoffs so common now everywhere in the US. All the capital gains keep rolling toward that 1 percent which already has enough of these gains. The result is that other classes, especially the middles class, is drastically robbed off of its gains. For example, Freeland in her very insightful book gives examples of Bill Gates and Warren Buffet to prove how staggeringly unequal the American society has become. It is claimed that both these men together have a tight grasp on as much wealth as the other 120 million Americans at the bottom of the wealth distribution. Gates and Buffet are two most important names of the top 1% of the US society. Buffet lives in Omaha in not a very luxurious home. Still, the structure of the house is very nice. He also just sold a luxurious vacation home located in Laguna Beach. It is safe to say that he lives a very comfortable lifestyle. Bill Gates lives in a very large mansion which took over 7 years and 63 million dollars to build alone. The mansion is located in Washington. There is every luxury imaginable

Critical Review of Philosophical Paradigms Research Paper

Critical Review of Philosophical Paradigms - Research Paper Example In the 1970s and 1980s, the mixed methods approach triggered a paradigm war (Tashakkori & Teddlie, 2009). Many of the researchers involved in the war sought to settle for an established rationale that would fit the combination of quantitative and qualitative methodologies in mixed methods research. The main challenge of achieving this was the fact that many of the existing paradigms governing both qualitative and quantitative methodologies seemed incompatible to be applied in a single study (Creswell & Plano, 2011). This paper will present a critical review of research paradigms used in mixed methods. Postpositivism is one of the common philosophical paradigms developed to support quantitative studies. Many postpositivists believe that reality does exist, although it exhibits itself in different sets of probabilities. Postpositivism highlights that researchers should maintain a separate distance from participants in a research. Usually, the researchers are outsiders (Christ, 2013). The reason for maintaining distance between the participant and researcher is to ensure that the study exhibits a high level of objectivity (Creswell & Plano, 2011). Researchers using postpositivism as a preferred paradigm seek to gain accurate and reliable data from the participants while reducing any form of bias. In order to minimize bias of any form, researchers prefer not to let their values or experiences influence the study in any way (Tashakkori & Teddlie, 2009). Postpositivism applies a deductive approach, which means that researchers seek to carry out a rigorous test of priory theories. Notab ly, the postpositivism approach may be used in the quantitative approach in a mixed method research. This is especially the case when a mixed methods approach comprises of a quantitative analysis and a qualitative analysis. Postpositivism is applicable in mixed methods research if researchers opt for the multiple paradigm approach. In