Social Theory Applied Social Theory Essay

As is often the case, the groups most hurt by the crisis are those who are already marginalized -- the working poor. This group is unable to qualify for social services but is likely to have had their hours cut, benefits reduced, or both. They may have a mortgage that is too high for their income level; children in school, and be unable to actualize or improve their situation because of the economic lull and the tremendous difficulty in finding employment in some segments. This group is also likely to not have adequate savings, and is therefore one paycheck away from the street -- which would then place the burden upon society and continue to contribute more to the overall problem (Kolb, 2010).REFERENCES

Balderama, a. (2009, March 17). Workers Over 60 Are Postpoining Retirement - Thanks Economy! Retrieved January 2011, from the Work Buzz: http://www.theworkbuzz.com/current-affairs/workers-over-60-are-postponing-retirement-thanks-economy/

Bucznski, R. (2010, April 9). Economic Crisis: When Will it End? Retrieved January 2011, from IBIS World: http://www.ibisworld.com/recession2009/

De Maio, F. (2010). Health & Social Theory. New York: Palgrave-MacMaillan.

Ferrell, Fraedrick and Ferrell. (2008). Business Ethics: Ethical Decision Making and Cases. Mason, OH: Cenage.

Kolb, R. (Ed.). (2010). Lessons from the Financial Crisis. New York: John….....