SOC 100 Lecture Notes - Lecture 7: Social Stratification

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Soc 100 - lecture 7 - perspectives on class inequality. The us feels it"s a much better method to measure income by family, not by individuals. Get almost 50% of all salaries of the us. American society is becoming like a third world society. It is the second most unequal society in the world. However, we must compare the us to other capitalist economic systems (western. In comparison to those countries, the us is doing poorly. Gini coefficient: in a completely equal society, this pie chart above would be split evenly among colors. However, people pursuing their self interest in the rich upper class, would not want this, because they are losing income. The poor lower class would want this, because it would double or triple their income. There is a difference between wealth and income. If two families have the same income, but one has savings and the other does not, there is a big difference.

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