SOC 1100 Chapter Notes - Chapter 8: Social Mobility, Bourgeoisie, Feudalism
This preview shows half of the first page. to view the full 2 pages of the document.
Chapter 8: Social Stratification
Patterns of Inequality:
Social Stratification: Refers to the way in which society is organized in layers or strata.
Social Inequality: The uneven distribution of rewards and resources in a society. Core focus of the
conflict paradigm. Four Broad Categories:
Material Resource, Two Categories:
Income: Money received by an individual or household in a given time period.
Measured through data collection of income tax using the Gini Coefficient.
Wealth: Also called ‘net worth.’ Total value assets minus debts. Created by a lack of saving by
the middle class. (Two major categories of material resources.)
Measured by income after expenses.
A quintile – divide population by 5.
A decile – divide population by 10.
If there was perfect equality of income, the top 10% of the population would earn 10%
of the income, the bottom 10% would earn 10% of the income and so on.
Wealth inequality is more important because this shows how much people save and can
spend for school and other things after paying expenses.
To fix the inequality, government redistribute income and wealth through tax rebates.
What does inequality of income and wealth do?
It erodes trust.
Increases anxiety and illness.
Encourages excessive consumption.
Along the income hierarchy, those in higher quintiles have better health indicators and a longer life
expectancy than the poor.
Effects of inequality on the well-off:
Middle class are losing some of their income.
Less people will buy their product.
They have to protect their social status.
The raise in minimum wage allows companies to raise costs with inflation and faster than the inflation
rate, giving them more money.
TED Talks Video:
Independent Variable: Income Inequality.
Dependent Variable: Life expectancy, math, literacy, homicides, imprisonment, etc.
Things that correlate with the level of inequality: child well-being, trust and mental illness.
Human Capital: The sum of useful skills and knowledge that an individual possesses.
You're Reading a Preview
Unlock to view full version