Sociology 1021E Lecture Notes - Lecture 8: Cultural Capital, Visible Minority, Working Poor

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Social stratification: refers to the way in which society is organized in layers or strata. Gini coefficient: reports the proportion of total income that would have to be redistributed for perfect equality to exist. Human capital: the sum of useful skills and knowledge that an individual possesses. Social capital: refers to the networks or connections that individuals possess. Cultural capital: the stock of knowledge, tastes, and habits that legitimate the maintenance of status and power. Low-income cut off: is statistic canada"s term for the income threshold below which a family devotes at least 20% more of its income to the necessities of food, shelter, and clothing than does an average family. Once immigrants are established, they have a lower poverty rate than people born in canada: most poor people are trapped in poverty. More than 92% of people with low income in a given year escape poverty in less than 2 years.

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