Chapter 18- COMPASS

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11 Feb 2011
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Chapter 18-
Patterns of social inequality
Madonnas hit song material girl money makes the world go round
The idea that money is power is a lasting theme
The selling of blood, sperm and ova is common in some countries.
People selling body parts are poor, people selling are rich
Materialism is the attempt to satisfy needs by buying products or experiences
Nowadays, a soft drink that used to cost a dime now costs a dollar.
Family income has not grown proportionally.
Most families now have at least two earners
At the other end of the money spectrum- richest neighbourhoods
World of multimillion dollar homes with indoor swimming pools, outdoor tennis
courts
Display patterns of inequality
Step one: among classmatesm think of how much money each person might have
earned in the past three months
Put the people who earn a lot in the front of the line, higher earner first
Step two: add up how much everyone has earned
Step three: divide the line into five equal groups.
Step four: add how much each member of the group has earned
Step five: calculate the money each person has earned
Explanations of Income Inequality
Human Capital Theory stresses the increasing centrality of education as a factor
affecting economic success.
Social capital- refers to the networks or connections that individuals possess.
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madonna"s hit song material girl money makes the world go round. The idea that money is power is a lasting theme. The selling of blood, sperm and ova is common in some countries. people selling body parts are poor, people selling are rich. materialism is the attempt to satisfy needs by buying products or experiences. nowadays, a soft drink that used to cost a dime now costs a dollar. most families now have at least two earners. at the other end of the money spectrum- richest neighbourhoods. world of multimillion dollar homes with indoor swimming pools, outdoor tennis courts. step one: among classmatesm think of how much money each person might have earned in the past three months. put the people who earn a lot in the front of the line, higher earner first. step two: add up how much everyone has earned.

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