English 2017 Lecture Notes - Lecture 7: Externality, Profit Maximization, Social Fund

• School: Western University
• Department: English
• Course: English 2017
• Professor: Nigel Joseph

Document Summary

In the industrial revolution, people work together in one big factory, known as centralization. The ir creates division of labour, before the ir, labour wasn"t really divided, now it is. There is now an increase in management and office/support occupations because there are thousands of workers in a factory and you need someone to manage that. Something we associate with the ir is that it has horrible working conditions. The form of assembly line allows the mass production of consumer goods for mass production. Monopoly capitalism is that there is a realization that massive production requires the emergence of power and resources. The emergence of service work means that as work becomes more skilled, you need more service. Industrialization and urbanization lead to unique issues addresses by a new type of social science: sociology. When we think of industrial work, we think that they are mundane, boring and routine jobs.