SOC 134 Chapter Notes - Chapter 10: Workplace Democracy, Advanced Capitalism, Natural Capital
25 Oct 2016
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Weekly earnings for private production and nonsupervisory employees went from per week to (1947) 1947-1979 bottom 1/5 income families increased 122%. Changes in capitalism after the 1970s: neo-liberalism (new freedom for owners of capital) (also gun owners) Neoliberal finance increased speculation, (cid:862)dark capital(cid:863) do(cid:449)nsized u industries: led to income polarization and u-shaped job quality incomes. Decline of middle-class: sharply increased differences between jobs with college degrees versus those without. High road jobs required university of degrees: reduced workplace democracy (unionization) and concentrated political power in the hands of those who own capital: meaningful democracy at work has all but vanished in the u. s. Re(cid:448)ie(cid:449) chapter 9 and (cid:1005)(cid:1004) graphs for (cid:862)turning point(cid:863) or (cid:862)great u-turn(cid:863) Comparing high and low road capitalist firms (contrast between firms with economically advanced capitalism) Ideal types: a stylized description of something in pure form: the real world is messier. Ex: when studying planes, (cid:449)e use a (cid:862)frictionless plane(cid:863) (cid:449)hich is not correct.
