Examlex
Some of Blau and Duncan's critics suggest that it is insufficient to examine only the characteristics of individuals (such as years of education completed) when trying to explain status attainment.They state that it is also important to examine the characteristics of:
Economic Conditions
The state of the economy at a given time, encompassing various factors including employment levels, inflation rate, and GDP growth.
Inflation
The quickness with which the average market prices for goods and services grow, reducing the realm of purchasing.
Unemployment
A situation in which individuals who are able and willing to work cannot find jobs.
Living Standards
The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a geographic area.
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