SOCI 1000U Lecture Notes - Lecture 6: Dependency Theory, Social Stratification, Canada Pension Plan
Document Summary
Social stratification is the organization of society into layers of strata reflecting the hierarchical structures of class and status. Social stratification refers to the way in which society is organized in layers or strata. Canada is one of the wo(cid:396)ld(cid:859)s (cid:373)ost p(cid:396)ospe(cid:396)ous (cid:272)ou(cid:374)t(cid:396)ies. Some people are poor, some are rich, and most are in between. Assets minus liabilities (what you own minus what you owe) Advantages of wealth: enhances your sense of well-being, can give you more political influence, improves your health. Income the amount of money earned in a given period. After-tax income the amount of money earned in a given period after paying income tax and receiving government benefits such as: employment insurance payments, child tax credits, gst credits, canada pension plan payments, welfare payments. Among rich countries, income inequality is lowest in denmark and highest in the united. In canada, the distribution of income has changed little between 1951 and 2008.
