SOC101 Lecture Notes - Lecture 6: Labour Power, Chronic Poverty, Upper Class

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Social stratification: hierarchical ranking of people into social classes. Means the same no matter which sociological perspective. Social class: based on economics: birth and achievements. Class born into is mostly likely the one you stay in. Social status: one"s recognized position in the social structure. Combination of where others perceive you in stratified system. Limitations to moving up social class (overall very rare) Social inequality: attributes, such as gender, minority status and social class affect a person"s access to resources. People believe and accept that a social classed based system is fair. American dream proven to be a false notion. Components of inequality: property: (private, income: money received from all sources (what people earn), wealth: net assets (homes, cars, stocks) (what people have), occupational prestige: the social value associated with types of work. aka professional prestige. Closed systems of social organization: social status as defined by one"s ascribed status. Other means such as raking on cultural traits.

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