SOC 1100 Chapter Notes - Chapter 11: Upper Class, Lower Middle Class, Social Inequality
Document Summary
Severe social inequality in our society that most of us just ignore. Socio economic status is a composite measure of social posiion that considers also power, occupaions presige and school. Occupaional wages or salaries, earning from investments and government transfer payments. The total amount of money and other assets, minus outstanding debts. Control of these kinds of assets sets the wealthy apart from the rest. Stocks, bonds, real estate and other privately owned property. Major determinant of income, wealth and power. Physicians, lawyers and engineers compared to cashiers and janitors. Educaion oten determine labour force paricipaion, occupaion and income, so it is highly valued in industrial socieies. There is a strong link between educaion and income, women tend to obtain lower posiions and earn lower pay then men even with longer educaion. Most of the rich gained their posiion through inheritance: race and ethnicity. Canadian society = egalitarian, race and ethnicity remain important determinants of social posiion.
