SOC 1300 Chapter Notes - Chapter 10: Social Stratification, Economic Inequality, Feudalism
2 Apr 2019
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What is inequality: social stratification: the systematic study of inequality. Income: the receipt of money or goods over a particular accounting period: wages from a job, benefits from a pension or government program. In all developed countries similar to the us, there is a large middle class: a group of people who occupy the middle positions in terms of income and status: professional, technical, managerial jobs; small business owners. Inequality is higher in the us than in any other rich, democratic country. Inequality of opportunity: the ways in which inequality shapes the opportunities for children and young adults to maximize their potential. In extreme cases, immobility creates a caste society: a society in which a person"s social position is determined by the family he/she is born into: rags to riches story: overcoming massive difficulties to experience upward mobility. Factors influencing mobility: labor market: the process through which employers identify and hire individuals to work under specified terms of employment, family.
