SOC100H5 Chapter Notes - Chapter 6: Human Capital, International Inequality, Dependency Theory
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SOC100H5 Full Course Notes
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Document Summary
Social stratification: the way society is organized in layer or strata. Distribution of total income in canada, only the top 1/5 got richer, the rich get richer. Exceptions to income: athletes, singers, actors, people with disorders. Education as a determinant in income continues to increase. Human capital: investment in education and training. Part of the reason people with the same human capital receive different economic rewards is social capital (networks or connections an individual has) Cultural capital: widely shared high status cultural signals used for social and cultural inclusion and exclusion. Poverty lacks a definition because: should it be absolute or relative. Lico: low income cut off, if a family spends over 63% of income on necessities they are below the lico. Feminization of poverty: theory that women were more likely to be low income earners than men and the income gap between women and men was growing. This was proven wrong as the gap as actually shrunk.
