Mosca called Pareto, cynic- pessimistic view.
Explanations of Income Inequality-
Factors in economic success:
a)Degree of natural talent
b) Degree of effort
c)Level of education
Social Capital- people’s networks or connections.
Cultural Capital- learning and skills that increase chance of securing a superior job.
Importance of education affects economic success, stressed by human capital theory.
Human Capital- sum of useful skills and knowledge than a person has.
Link between schooling and income levels.
Distribution of Total Market Income among Families in 1951- 2005.
Class system has stayed the same since 1951- of top to bottom (lower class) 5 ranks. And income
has stayed the same. Although income of families has increased from $25 000 to $75 000 over
the years. This shows how unequal wealth is divided.
Social Mobility- refers to dynamics of system of inequality. Movement of up or down in
Movement is reflected upon:
a)Intragenerational mobility- comparing first job with current one. During a person’s
lifetime ex) leave highschool then go to work in a factory for 5 years (semi skilled worker)
become atomic physicist.
b) Intergenerational mobility- comparing occupations of parents with their kids jobs.
c)Upward intra(within) mobility- removes talented people from the underclass such as
young people called co optation. Long been practiced by elite people with power and
authority to keep political discontent under control.
Mobility studies- examine how people move up and how others move down.
Social stratification- the way society is organized in layers or strata. Way of ranking people eg)
kids at school know which kids are poor.
Ascription based stratification system- what rank you have depends on characteristics a person is
born with. Mentorship to a demo-group (demographic).
Achievement based stratification system- what rank depends on person’s accomplishments.
Caste System- almost pure ascription based stratification system in which occupations and
marriage partners are assigned on basis of caste membership (group you belong to, ex religion).
Family isn’t completely altruistic, self interest.
Left wing thinkers- think equality can be achieved.
Communism/socialism- focus on equality.
Soviet Union/East societies- foster equality more than capitalist society.