SOC 1101 Study Guide - Final Guide: Erik Olin Wright, Labour Power, Structural Inequality

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Unit 6 readings- class, poverty, and economic inequality. Individual poverty: absolute poverty: no basic need, relative poverty: only basic need, poverty line: standard living. Human development index: total measure of achievement in 3 areas of human development: long/healthy life 2. Racialized nonwhite immigrants less paid for job than white. +structural functionalism: inequality & poverty are important functions in society they are reasonable. Poverty makes people to work harder, more time/effort pay off with best paying job/working. Risk of poor working conditions/poor pay, more wealth to owners. Employees depend on income for survival (vulnerable to exploitation-treated unfairly for own conditions. Meritocracy: result by own merits, outcome as an individual. Conflict theory: structural power inequality between capitalists / employees benefit) Symbolic interactionism: focus on labels of the wealthy / the poor. Poverty/health -multiple health problems, loss of concentration, poor behavioural problem. Inequality poor countries with lack of resources/ healthcare. Relative income hypothesis: hypothesis that income inequality can bring various health problems.

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