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Week 5 – Lecture Study Notes.docx

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Department
Sociology
Course
SOC220H1
Professor
Josh Curtis
Semester
Fall

Description
Week 5 – Lecture Study Notes Income Gains by Social Class  Top 20% increase in their average income by $49,400 between 1980 and 2009  Bottom 80% saw an average increase of only $5,450  Bottom 20% gained only $1700 Canadian Wealth  Wealth has rised quickly: 1984 mean $148,500 to $251,700  Tells us notion about inequality  Top decile: 56.2% of all wealth  Top two: 75% of all Canadian wealth Methods for assessing income and wealth inequality  Percentiles, deciles, quintiles  Gini coefficient: ranges from 1 (perfect inequality where one person has all) to 0 (perfect equality where  resources are divided equally)  Of all the money earned in  Canada in 2005, 46.7% was  earned by the top 20%  Only 53 percent was left for  the bottom 80%  If incomes were distributed  equally, every income group  would receive 20%  The majority of the losses in  income have been people in  the second and middle 
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