Class Notes (808,854)
Canada (493,411)
York University (33,539)
Social Science (2,973)
SOSC 1000 (400)
Terry Conlin (237)

Work and Class Lecture.docx

3 Pages
Unlock Document

York University
Social Science
SOSC 1000
Terry Conlin

Work and Class Lecture- Nov, 14 Employment, Unemployment an Underemployment (Main St. to Bay St.) - First Parable of Marx and Engle’s Communist Manifesto talks about class - Class is one of the most contested subjects in the context of Social Science - In the cold war, Class was associated with Marx and Engles, who were associated with communism who is associated with USSR - Class position was subjective, using lower or middle or upper with combination with income, career, education - Everyone thinks they are middle class - Dominant ideology - Social advancement through merit. - Incentives not to call yourself middle class, not lower admitting that you failed, not upper class in fear of being snotty - Outside N.A. Class is determined as your relationship to production. Hire your labour, or purchase labour - Relationship between classes is adversarial, good for one, bad for another - Class is a social group that shares a certain set of characteristics or experiences based on their location and role in the economy. These characteristics both shape and limit the kinds of power you have in society in relation to - Economic power- power to shape economy - Political power- power of shape government policy - Cultural Power- shape norms and values - 1971-89 average unemployment rate was 8% plus - 1990-2000 just below 10% - 2012 7.3 % - 1945-1970- priority is full employment under Kenyensian period - 1970- Government battles inflation - Non accelerated inflation rate of employment (NAIRU) natural level of unepmployment (7%), anything lower could upset the balance and create an incentive for inflation - Priorities Main St Bay St Low inflation low High High interest rates Low High Low unemployment High Low Social Spending High Low Capital Mobility Low High Deficit reduction low High Government Instruments in the Neo- Liberal /Globalization Era (1980’s) Main St. Bay St. Regulation Deregulation Progressive Taxes Flat/regressive Public Ownership Privatization Spending Debt Reduction - Before 1985 there were 10 tax brackets, reduced to 3 - Neo-Liberal/ Globalization era i
More Less

Related notes for SOSC 1000

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.