SOCI 1001 Lecture Notes - Lecture 2: Socioeconomic Status, Class Consciousness, Sun Tanning

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September 18th, 2015: social class is a system of strati cation, socioeconomic status is based upon individual wealth and based on your wealth you are placed somewhere on the scale! Assets - liabilities = socioeconomic class: people do have an accurate way of de ning the middle class yet many people de ne as it! Middle class is a status and people identify as it as it has higher prestige and value! Owning class requires ownership of the means of production: working class is very large and represents a lot of interests! There is more intra-class con ict between the working class than any other class! Determining social class: capitalism as a system of social relationships that are de ned by labour! What work we do and for how much! Structural limitations of class structure are invisible; not marked by titles of nobility or caste: people often identify as middle class even though they"re not!

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