SOCI 201 Lecture Notes - Lecture 1: Nipissing University, Nancy Reagan, Social Stratification
Document Summary
According to nancy davis of depauw university, three basic emotional reactions to social class include resistance, paralysis and even rage. This may not be surprising given the distribution of income and wealth in canada as well as the existence of child poverty. After this class, students will be able to: Define and differentiate between absolute and relative poverty. Understand and the consequences of relative poverty in canada. Identify social groups at the highest risk of being impoverished. Outline the major sociological perspectives on social class. Income refers to the economic gain attained by wages, salaries and income transfers from the government. By contrast, wealth refers to accumulated assets of goods such as buildings, land, farms, houses, factories etc. A person"s net worth is the difference between all debts and assets. The richest 10% of canadian families control 45% of the wealth in society. The bottom half controls 10% of all wealth.
