SOC 206 Lecture Notes - Lecture 2: Cultural Capital, Level Set, Oscar Lewis
15 Oct 2016
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Income is not a clear criterion for being wealthy or higher socioeconomic status. Social classes in the united states know the trends: the upper class (capitalist class) Make up about 1% of the u. s. population. Possess most of the wealth of the country. The ration of ceo pay to factory worker pay rose from 42:1 in 1960 to as high as 531:1 in 2000, at the height of the stock market bubble. It was at 411:1 in 2005 and 344:1 in 2007, according to research by united for a fair economy. The same ration is about 25:1 in europe. Bifurcation of class system: the upper-middle class. Make up about 14% of the u. s. population. Benefited the most from college: the middle class consists primarily of. Make up about 30% of the u. s. population: the working (lower-middle) class. Make up about 30% of the u. s. population less likely to have college degree: the lower class (the working poor)
