SOCL 2001 Chapter Notes - Chapter 8: Elite, Social Class, Bourgeoisie

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13 Oct 2017
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Class: social class: people with similar amounts of property, power, and prestige, property=wealth, how does income differ from wealth, wealth: net worth of what you own/owe. Income: average us individual income: ,000, average us family income: ,000. Increasing income inequality: since 1970, richest 20% have grown richer, while bottom 20% got poorer, ceos make 1225x more than workers. Power: power elite: those who make big decisions in society, most presidents have been from millionaire families. Prestige: prestige: respect or regard, what occupations get the most respect, high prestige occupations, pay more, require more education. Status inconsistency: whe(cid:374) po(cid:449)er, prestige, a(cid:374)d propert(cid:455) do(cid:374)"t (cid:373)at(cid:272)h up. Janitors unionized and made more money than homes they cleaned. Residents started treating them worse: dr. meyer, #5 on prestige scale, net worth: negative (owes>owns) Income: ,000 (9 months: re(cid:374)t to(cid:449)(cid:374)house, get s(cid:374)ark(cid:455) (cid:272)o(cid:373)(cid:373)e(cid:374)ts fro(cid:373) (cid:374)eigh(cid:271)ors a(cid:271)out (cid:271)ei(cid:374)g (cid:862)just a re(cid:374)ter(cid:863) (cid:449)ho (cid:272)ould(cid:374)"t (cid:272)o(cid:373)prehe(cid:374)d ho(cid:373)e (cid:448)alue.

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