SOC100H5 Lecture Notes - Lecture 6: Working Poor, Core Countries, Human Capital
30
SOC100H5 Full Course Notes
Verified Note
30 documents
Document Summary
If you divide canadian families into the poorest fifth (quintile), the second-poorest fifth, the middle fifth, the second-richest fifth, and the richest fifth, you can see that the big winners were the richest families. Gains in wealth decrease as you move down the scale and turn into losses for the bottom 40% rich are getting richer while poor are getting poorer. Income are contributing to family income than before. If you divide families into quintiles again but this time based on income, you can see that the top quintile has the highest income and the bottom quintile has the lowest income. The distribution of income is becoming more unequal each year. In summary, level of education is a critical factor in finding continuous, well-paying employment. Politics can reshape the distribution of income and the system of inequality: social policy has a profound impact on the distribution of opportunities and rewards in canada. implies little need for government action.
