SOCL 2001 Chapter : Chapter 8 Social Stratification United States And Global
Document Summary
Chapter 8 - social stratification: united states and global. Slavery: people own others as property: chattel slavery: people are bought and sold as commodities, castes: social categories are based on heredity, open stratification systems, based on individual achievement, allows for movement up or down. Social class: category of people with similar resources: wealth, education, power, prestige, dimensions of stratification, wealth, abundance of economic assets and material possessions owned. Income: money a person receives on a regular basis: wealth vs income, wealth increases over time, passed to the next generation, and ensures economic security. Income is spent on every day expenses and can"t be passed on: wealth and income inequality, wealth, top 1% owns 36% of nation"s wealth, bottom 80% owns 13% of the nation"s wealth. Income: top 1% owns 21% of the nation"s income, bottom 80% owns 39% of the nation"s income, prestige, respect attached to social positions, characteristics of prestigious jobs, require more education, pay more.
