SOC-1010 Lecture Notes - Lecture 7: Animal Husbandry, Industrial Revolution, Crop Rotation
Document Summary
Chapter 15: work, consumption, and the economy: economy--social institution that organizes ways in which society produces, distributes, and consumes goods and services, goods--objects that have an economic value to others, whether basic necessities or wants. Formal economy--all work-related activities that provide income, regulated by government agencies. Informal economy--those income-generating economic activities that escape regulation of governmental institutions: agricultural revolution and society. Innovations in irrigation, crop rotation methods, animal husbandry, domestication. Increase in producing surplus beyond basic needs: growth of specialized economic roles, development of trading routes and permanent cities. Scientific management--reduce physical movements of the workers to improve productivity- "taylorism: classes in industrial capitalism, conflict between capitalist owners who seek profit through exploitation of working class, period of low unemployment, greater leverage to negotiate for living wages, benefits, job security, right to unionize. Industrial today: less unionization, less job security, declining wages.