SOC100H5 Chapter Notes - Chapter 6: Social Stratification, Cultural Capital, Progressive Tax
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SOC100H5 Full Course Notes
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Document Summary
Social stratification: the way society is organized in layers/ strata. Wealth = what you own (house, car, appliances, savings assets liabilities) Wealth gives one more political influences large donations increase chance that policies you favour will become a law. Improves health because you can afford to engage in leisure pursuits, turn off stress, consume high quality food, employ superior medical services. Income is amount of money earned in a given period. Canadian family earned about 20 x more than the avg. family did in. # of earners per family increased as women entered paid labour force more productive. Average worker is more skilled and use more sophisticated technology. Income gaps have been widening for about 3 decades. Canada is welfare state that collects taxes and redistributes them in the form of welfare payments. Rich lose about 1/5th of income to income tax and poor see incomes increase by 2/3 as result.
