Sociology 1020 Lecture Notes - Lecture 11: British Virgin Islands, Income Distribution, Pierre Bourdieu
17 Aug 2018
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Document Summary
Inequality is at the centre of most sociology. Important in the research: (cid:373)akes the s(cid:455)ste(cid:373) u(cid:374)sta(cid:271)le, it"s e(cid:448)e(cid:396)(cid:455)(cid:449)he(cid:396)e. The organization of society into layers or strata reflecting the hierarchical structures of class and status. Significant as life gets more complex and put people in their boxes. Wealth: assets minus liabilities (what you own minus what you owe) Increasingly people are moving down the socio-economic strata. Median net worth of families and unattached individuals by quintiles canada 1999-2012. In 2012, the top fifth of canadians owned more than 67 percent of the country"s net worth, while the bottom fifth had more debt than assets. Impacting health, psychological health, crime: the bigger the gap gets. Canada is a welfare state that collects taxes and redistributes them. After-tax income: the amount of money earned in a given period after paying income tax and receiving government benefits such as. Employment insurance payments child tax credits: help families when they have kids.
