Sociology 1020 Lecture Notes - Lecture 11: Upper Class, Social Stratification, Computer Literacy
15 Mar 2016
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Document Summary
Canada is considered to be more equal. Highest standard of living in the world. Mostly middle class, high standard of living. Tend to surround ourselves with people of similar social standing. Less of an even socio-economic distribuion than assumed socio-economic status: amounts to a composite measure of social posiion that encompassing not only money but also power, occupaional presige, and schooling. Income - consists of occupaional wages or salaries, earnings from investments, and government transfer payments. Nonetheless, the increased buying power of the average family between 1996 and. Wealth - the total amount of money and other assets, minus outstanding debts. Wealth in the form of stocks, bonds, real estate, and other privately owned property is distributed even less evenly than income. Poliical let talks of establishing a wealth tax and an inheritance tax, it is this component of wealth that is seeks to redistribute( ) Wealth is an important form of power.
