Stratification: a way or process by which categories of people are ranked.
In the past, people argued that inequality was controlled politically. (Immobile)
Today, in modern society people can move within statuses. (Mobile)
•People make different incomes is due to a complex division of labour. This is
significantly responsible for inequality.
oSocial differentiation, some are more highly differentiated than others.
There are more parts and this complex division of labour measures these
oFactors in economic success can be due to natural talent, education,
motivation or responsibility.
oSocial capital is vital for getting good jobs, connections.
oCultural capital is stock of learning and skills that increases chance of
securing a superior job.
oHuman capital: sum of useful skills and knowledge, education. A lot of
evidence between schooling and income levels.
•Mosca an Italian elite theorist says that inequality is inevitable. Mosca was called
a cynic and a reactionary, because he spoke of self-interest and believed that
complete equality will never be achieved.
oSociety cannot exist without politics because it coordinates activities.
oInequalities of power lead to self-interest.
Robert Micheles a German elite theorist came up with the “iron
law of oligarchy” idea. Explains that politics corrupts because
people have more power, hence will try to enrich themselves with
Pareto an Italian Elite theorist says that self-interest is a natural
human motive. Economics is based on self-interest.
Lord Acton says power corrupts, absolute power corrupts
•How are people ranked? On basis of categories and characteristics, this is called
the stratification system. The higher you are ranked, the more accessibility to
valuable resources you have.
•Access to and possession of valued resourced refers to THE BIG THREE
Wealth comes in two forms: liquid assets (cash) or non liquid
Money is a medium of exchange.
Refers to social standing. In modern society prestige is attained
from occupation, which is earned.