Sociology 1020 Lecture Notes - Lecture 11: Blue-Collar Worker, Upper Class, Social Inequality
13 Aug 2016
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Document Summary
Income occupational wages, earnings from investments, and government transfer payments. Rise in incomes because both parents were earning income as women entered the workforce. Income inequality is greater in the united states than in canada, however within each country level of income inequality are stable over time. Some regions in canada (ntw, on, and ab) are wealthier than others. Wealth- the total amount of money and other assets minus outstanding debts. Wealth in the form of stocks, boned, real estate, and private property is distributed less evenly than income. Wealth is an important source of power. Wealthy make decisions, expand business or scale back, effecting jobs etc. Marx said: the political system represents the interests of the wealthy. Major determinant of wealth, power, and income. Occupations hold social prestige because of their education and income. White-collar is more prestigious than blue-collar (with some exceptions) The majority of masters and bachelor"s degrees have been earned by women.
