SOCI 1101 Lecture Notes - Lecture 5: Tertiary Sector Of The Economy, Wage Labour, Secondary Sector Of The Economy

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Economy > social institution that organizes the production, distribution, and consumption of goods & services // marx : society de ned by economy. Economy in history : agricultural revolution > primary sector economy generates raw materials directly from natural environment. 2/3 of most countries today function on agricultural economy i: 1990: 40% of u. s. workers were farmers vs. today: <2% of workers are farmers iii. today, farming is pro table bc of corporate agribusiness. Industrial revolution > secondary sector economy transfers raw materials into manufactured goods. ); money was an agent for social change labor unions : worker organizations that seek to improve wages and working conditions through collective bargaining and strikes; important for growth of middle class. Bureaucratic inertia (max weber) > corruption bc wanting to keep group going. Today, <12% of workers in unions (most in govt sector)

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