SOC 103 Lecture Notes - Lecture 6: Social Exclusion, Social Mobility
Document Summary
Power the ability to achieve one"s goals despite opposition. Status a position within a social structure; usually ranked: socioeconomic status a measure of status based on occupation, income and education. Class one"s relation to the means of production. Income money acquired through wages, salary, or government assistance. Wealth all assets (real estate, bank accounts, stocks, bonds, etc. ) minus debts. Of the two, wealth inequality is greater and has more impact on a person"s power and status. Absolute poverty inability to meet basic daily needs including nutrition, shelter, clothing. Relative poverty inability to participate in society, as indicated by incomes far below average. Lico low income cut-off, determines a threshold below which a household must spend a disproportionate share of its income on basic necessities. Lim low income measure, poverty line = half the median income in canada. Mbm market basket measure, income too low to buy a defined list of basic life necessities.
