Class: refers to inequality among groups of people based on the distribution of material resources and social capital. Social inequality: unequal distribution of valued resources, rewards and positions in a society. Social mobility: the ability to change positions within a social stratification system. Intergenerational mobility: explains a difference in social class between different generations of a family. Intragenerational mobility: describes a difference in social class between different members of the same generation. The 1920s- john d. rockefeller was the richest man imaginable made 7,000 times more than the average person. Powerful- highly integrated social network and political influence. Fordism and the growth of the welfare state. The middle class is the class position that most people identify. Argue for wages, working conditions, grievance policies, benefits. Threat of capital flight eg) relocating for cheapest labour. Companies in canada can shut down operations and move to mexico for cheaper labour. Produce goods and extraction of natural resources.