Management and Organizational Studies 1021A/B Study Guide - Final Guide: System On A Chip, Old Money, Social Class

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 1021A/B
• Professor: Vicki Olds

Document Summary

Chapter 12 income, social class, and family structure. Social class has impact on what people do w/ money and how consumption choices reflect place. Avg canadian standard of living is high and continues to improve but most think. Canada only g7 country to fully recover employment and gdp due to financial. Upward income shifts in canada linked to shift in women"s roles and inc in edu don"t make enough system attainment. People of working age in labour force and jobs are high-paying (med/architecture) Women still minority in most professional jobs but ranks continue to improve. Moms w/ preschool kids fastest-growing segment of working people. 24% couples wife"s pay helps couple climb income ladder. Uni pays off in long run more people attending and get higher pay. To spend or not to spend: that is the question. Consumer demand for p/s depends on ability to buy and willingness to buy.