SOC101Y1 Study Guide - Registered Retirement Savings Plan, Tax Rate, Social Stratification
Document Summary
Dyad: a group consisting of two interacting people. Social stratification is the layering of unequal categories of people in society. Some jobs are more important than others, important jobs require more sacrifice and training. High reward offered to motivate talented people to undergo training and sacrifice. Ignores pool of talent that lies unused because of inequality. Capitalists ability to hire and fire wage workers the moment technological change and economic growth occurs. Drive for profits caused many workers, low wages and poor working conditions. Result: class polarization (people divided into two contrasting groups e. g. half the class wants to go for recess the other half doesn"t) better understanding of class consciousness and workers need to end capitalist (businesses) exploitation. Most importantly because capitalism produces more than we consume, overproduction will be the fall of capitalism. Criticism: industrial society (use of technology to mass produce) capitalism continued by stimulating demand and creating easy credit.
