SOCI 1000U Lecture 4: SOCI 1000 lecture 4 tues oct 3
Document Summary
Lecture 4: inequalities of class, gender, and ethnicity. Usually used to describe level of economic wealth: although sometimes it is cultural (high class / low class) 2 ways of describing class: durkheimian, different levels of wealth along a continuum. Inequalities were natural: marxian, two distinct categories, class is o(cid:374)es relatio(cid:374)ship to the (cid:862)(cid:373)ea(cid:374)s of produ(cid:272)tio(cid:374)(cid:863) Inequalities were based on exploitation and subjugation: proletariat (workers, bourgeoisie (owners) 65 richest people in the world now own more than the poorest 3. 5 billion the ri(cid:272)hest 1% of the (cid:449)orld(cid:859)s populatio(cid:374) ha(cid:448)e (cid:1010)(cid:1009) ti(cid:373)es the (cid:449)ealth of the poorest half. Usa: wealthiest 20% own 85% of the wealth 2016. World: wealthiest 10% own 85% of the wealth 2016. Canada: top 20% earn 43% of income/ bottom 20% earn 5. 2% In the last 30 years, the income share of the wealthiest 1% increased by 75% The share of the poorest 20% fell by 20% Wealth: top 20% hold 69% of net worth.
