SOC101 Lecture Notes - Lecture 1: Proletariat, Advantageous, Structural Inequality

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Involves social differences that are consequential for the lives people lead, and. Profound effect on how monetary and non monetary resources are distributed in especially the rewards and benefits they control. Max weber: social class - income, wealth, economic position, upper / middle / lower, status - prestige attached to ones position, power. Reasons: technological advances - no one is trained to handle such highly skilled equipment, family change - physicians marrying other physicians, social power - lawyers, executives, political change - raising minimum wage. The greatest disparities in society are found in the enormous differences in wealth. Wealth brings a wide range of advantages: can be invested (bonds, real estate, material comforts (tax lawyers, personal trainer, financial security (retirement) ^ poverty persists bc of there three basic reasons. There are two broad types of poverty: absolute poverty - measure of what people need in order to survive - deprivation, relative poverty - focuses on inequality.

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