SOCI 110 Lecture 12: 2:6

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6 Feb 2017
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DATE 2/6/17
SOCI 110 NOTES
Video about wealth inequality in America
- The richest 1% take home 24% or ¼ of our nations wealth
Think vs. Ideal vs. Reality
- Top 400 people own as much wealth as the bottom 50% of the people in the
US
- Why do impoverished people not demand change? Taxation on wealthy, etc.
Sub pattern Wealth (savings, college fund)
$110,000 = White
$69,500 = Asiain
$7,240 = Latinos
$5,000 = African Americans
Article Rich Kid vs. Poor Kid
- Mobility
- 2 parent intact household = move up
- 1 parent female = stay in place
African American Male born in the US has a 33% chance of going to prison
African American male graduating within 6 years is 33%
What happened in 1993 2011 in china?
- INDUSTRIAL REVOLUTION (rise of the middle class)
2010 Percent of Americans living in US
- Louisiana and Mississippi (most poverty)
- Midwest and Northeast (least poverty)
- 14% or more white alone
- 30% or more black alone
- Latinos and Asians have HUGE variability
Graph (Share of population below the poverty line)
- White up just a little
- Black up a lot
American Indians/Alaskan Natives very high also (very rarely do we bring in this
group)
Share of poor population below ½ the poverty line
- GROWING and growing quick! (functional JF: 165-166)
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