SOC 1100 Lecture Notes - Lecture 11: Upper Class, Social Inequality, Proletariat

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Wealth: the total amount of money and other assets, minus outstanding debts, wealth in the form of stocks bonds, real estate and other privately owned property is distributed less evenly than income. Power: in canadian society, wealth is a large determinant of power for example, people who are very wealthy usually influence the political agenda. Occupational prestige: occupation is a major determinant of income, wealth and power, it serves as a key source of social prestige as people commonly evaluate themselves and other based on their job. Schooling: education is an important determinant of labour force participation, occupation and income so it is highly valued in industrial societies. Ancestry: something that greatly affects canadians social standings is the birth into a specific family which we have no control over, ancestry determines our point of entry into the system of social inequality. Being born into privilege or poverty sets the stage for future schooling, occupation and income.

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