SOC 1100 Chapter Notes - Chapter 11: Visible Minority, Cultural Capital, High School Dropouts
3 Mar 2018
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Many people think of canada as a (cid:498)middleclass society(cid:499) However, there is severe social inequality in our society that most of us just ignore. Poor canadian families struggle from day to day simply to make ends meet. People often talk of inequality as if it were determined solely by money. Socio-economic status is a composite measure of social position that considers also power, occupational prestige and schooling. Occupational wages or salaries, earnings from investments, and government transfer payments. In 2004, the average family income was 000. The total amount of money and other assets, minus outstanding debts. The control of these kinds of assets sets the wealthy apart form the rest. Stocks, bonds, real estate, and other privately owned property. Wealth is an important source of power. Occupation is a major determinant of income, wealth, and power. Physicians, lawyers, and engineers are ranked near the top on prestige, while cashiers and janitors are ranked near the bottom.
