SOCA01H3 Chapter Notes -Taxation In Canada, Social Stratification, Economic Inequality
Document Summary
Social stratification refers to the way in which society is organized in layers or strata which is the study of social inequality. Social inequality people of different class, gender, race, and power all gets treated differently. Economic inequality the economy distribution is not equal where the top 1/5 of the earners in. Canada consists of almost 45% of the canadian economy. (the rate is slowly increasing also) Economic inequality is the worst in the united states, canada is average. The government works towards changing that by taxing the people of the higher quartile stronger and distributing to the others. Human capital is the sum of useful skills and knowledge that an individual possesses (higher human capital = better jobs leading to more money) Social capital refers to the networks of connections that an individual possess (people are more likely to succeed if they have strong bonds with well positioned individuals)
