SOC 103 Lecture Notes - Lecture 9: Structural Inequality, Social Inequality, Meritocracy

• School: Ryerson University
• Department: Sociology
• Course: SOC 103
• Professor: Rebecca Lock

Document Summary

What is poverty and income inequality? (will be on exam) The gap between the rich and the poor. Absolute poverty: unable to meet basic needs. Relative poverty: statistical measure of income (e. x. lowest 10% vs top 10%) Lico (low income cut off)- 2-% more of their income (than the average family) on basic. Lim (low income measure)- income below the median level. Mbm (market basket measure)- income needed to afford basic necessities. Neoliberal logic: there is a price to pay for reducing poverty . Only if the rich get richer will the poor be better off. That poverty is functional, there is a productive purpose to it. Processes, requirements, reward, training is lengthy, job social importance, education, Allot of prestige is attached to it. authority is given compensation. rarer jobs. investment amount of time. Functionalist argument, we need to have form inequality to can"t help but do this, its is bound by the idea of profit making,