SOC100H1 Lecture Notes - Lecture 5: Cultural Capital, Social Capital, Visible Minority
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Income inequality vs wealth inequality: average canadian income: 51k, top 10%: 100k, top 5%: 150k, top 1%: 250k, median canadian income: 32k. Explanations of income inequality: factors in economic success, degree of natural talent, degree of effort, level of education, type of degree you obtain can affect future income, social capital: people"s networks or connections. Is difficult to determine degree of poverty in canada because is no agreed-upon or official definition: poverty is not defined in canada, however it can still be tracked. Low-income cut-off: if more than 63% of gross income is spent on food, shelter and clothing (varies by family and community size) Explaining poverty: are two types of explanations: Ideological perspectives, which undervalue certain groups (e. g. aboriginal peoples, recent immigrants, and members of visible minorities) and lead to their discrimination. Theories of stratification: marx"s theory of stratification (power, david and moore"s functional theory of stratification (function)