SOC 104 Lecture Notes - Lecture 10: Structural Inequality, Meritocracy, Neoliberalism
13 Mar 2017
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The gap between the rich and poor (overview) Neoliberalism takes a stand between the rich and the poor. Most people relate where they are on society to this number: market basket measure. If medium market stays still but cost of necessities increases (or mbm lower than lim) = more people going into absolute poverty. Basic needs in developed society: basic needs have changed in a developed society. Internet many necessary things such as finding jobs online, is a necessity: electricity need it to cook, store food, access higher level of education, telephone e(cid:454). Ca(cid:374)(cid:859)t get a jo(cid:271) if (cid:455)ou do(cid:374)(cid:859)t ha(cid:448)e a pho(cid:374)e (cid:374)u(cid:373)(cid:271)e(cid:396) to (cid:449)(cid:396)ite do(cid:449)(cid:374: rent, appliances, basic furniture, transportation. The middle is going up which means that the higher, lower, and the middle incomes will go up: most people will be able to afford more things, and have more money left over.
