SOC 101 Lecture Notes - Lecture 15: Risk Aversion, Glass Ceiling, Social Inequality

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A concept of inequality developed by weber. (cid:862)stratifi(cid:272)atio(cid:374) (cid:271)y status goes ha(cid:374)d i(cid:374) ha(cid:374)d (cid:449)ith a (cid:373)o(cid:374)opolizatio(cid:374) of ideals or (cid:373)aterial goods or opportu(cid:374)ities, i(cid:374) a (cid:373)a(cid:374)(cid:374)er (cid:449)e ha(cid:448)e (cid:272)o(cid:373)e to k(cid:374)o(cid:449) as typi(cid:272)al(cid:863) Class statues in means of financial status and titles. Stratification systems are structured inequalities between groups of people such as classes, races and genders. Represent the structuring of inequalities between groups according to their access to material and symbolic rewards. While all societies involve some form of stratification, only with the development of state-based systems did wide differences in power and wealth arise. The most distractive form of stratification in modern societies in class divisions. Pyramid of capitalist system: (on slide show) We feed all: the working class, produce the goods for everyone above. We eat for you: middle class, control means of production, can afford many things. Wealth = the total net value that a person possesses: cash, savings, investments, stocks, real estate, ect.

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