SOCIO-120 Lecture Notes - Lecture 8: Upper Middle Class, Aboriginal Peoples In Canada, Working Poor
Document Summary
Limited number of people continue to own or control very large portion of wealth. Concentration of ownership and wealth inequality continue to increase: the wealthiest 10% of families hold almost half of the wealth in canada, comparing things like a ceo"s income package versus that of a families with no network. Income distribution: high paying and low paying occupations. Upper middle class: those with well-paid managerial and professional occupations (e. g. , lawyers, dentists) Lower working class: retail workers and those employed in service occupations (e. g. , childcare and home support services) There are gender differences as well: females earn almost 80% of the earnings of their male counterparts. Since mid-20th century, little change in distribution of total income across households. Immigrants, despite their higher education and training, also make less in comparison to others. But increase in income inequality: decline in share of total income received by the three middle quintiles. Absolute poverty: those with so little income that survival is difficult.
