SOC 1105 Lecture Notes - Lecture 3: Nuclear Family, Blue-Collar Worker, Bourgeoisie
Document Summary
Inequality: you have people living in poor conditions (simple conditions); then you have the wall with the barb wire that separates from the rich conditions. The upper class looks down at poorer people; because in the 1800s, the foot soldiers were smaller than the commanders. Income is occupational wages or salaries, earnings from investments, and government transfer payments. In 2011, the average family income was : two-parent (two-earner; nuclear family) families have significantly higher income, top 20% gets 44. 3% of all income (2011), bottom 20% gets 4. 8% (2011). Income is only one component of wealth: the total amount of money and other assets, minus outstanding debts: distributed even less evenly than income, stocks, bonds, real estate, and other privately owned property. In the us, the richest 20% of families control 89% of all wealth (2011). John porter traced that there was certain elites who ran the power: military (same school, clubs, etc. and draw a line to the government).