LABR 1F99 Lecture Notes - Lecture 8: Labor Market Segmentation, Social Inequality, Market Segmentation
Document Summary
Inequality: social location, human capital theory, labour market segmentation theory, multiple oppressions, racism: individual and institutionalized. Working class is diverese (gender, racial, abilities, sexual orientation) Social inequality refers to the unequal access people have to a wide range of material and non-material resources, supports, provisions, and opportunities that are widely viewed as valuable and desirable in society and are consequential to our lives. Wealth (value of all assets owned minus debts) Class, gender, race, and ability are central axes of inequality in modern. Inequality of opportunity: difference in people"s starting points in life. Inequality in work: who has access to decent work capitalist economies. Distribution of income across individual households and classes typically demonstrates inequality b/w higher-income and lower-income households. Working class share vs. capital class share of . National income or wealth created in economy. Social impact: more equal societies do better across range of social indicators (including, health, crime, happiness, education, social mobility, trust, etc)