SOCI 1F90 Lecture Notes - Lecture 6: Social Inequality, Neoliberalism, Living Wage
1 Mar 2016
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Film: wolf of wall street: money in search for making more money, note descriptions of people the characters are happy to exploit in pursuit of profit. Money as commodity to exchange in the market. How access money? sell our capacity to work. Economies are social creations: none of them are natural objective things that exist outside humans. Capitalism is not natural or eternal: we don"t have to keep it if we didn"t want it anymore. Note from chart: 8. 6% of global population own 85% of the worlds wealth, 1%ers owning so much, know the trend. Neoliberalism- economic approach prioritizing private business, free and global trade, and unrestricted markets. (asshole: oppose government intervention in the economy, yet, lobby government for policies that benefit the interests of capital. Minimum wage- imposes a standard on employers: guarantees minimum level of income, serves as a benchmark for other workers. Gender-based minimum wages abolished in all provinces in 1974.
