Classes and inequality

Exploitation

A socioeconomic condition in which one group unfairly benefits from the labor or resources of another group, often leading to significant disparities in wealth and power.

Contradictory class locations

refers to positions in the social structure where individuals occupy both advantaged and disadvantaged roles, leading to complex identities and interests.

Class consciousness

the awareness of one's social class and the inherent inequalities in society, often driving collective action for social change.

Capitalist class (bourgeoisie)

The capitalist class, also known as the bourgeoisie, is the social class that owns the means of production and derives its wealth from capital investment, often exploiting the labor of the working class.

Managerial authority

refers to the power and control held by managers over employees and organizational processes, often involving decision-making and resource allocation.

Skilled workers

are individuals who have specialized training or education in a particular trade or profession, enabling them to perform complex tasks and often command higher wages.

Working class (Proletariat)

The working class, or proletariat, comprises individuals who sell their labor for wages and typically do not own the means of production. They often face challenges related to job security, bargaining power, and economic mobility.

Inter generational income mobility

refers to the ability of individuals to move up or down the income ladder compared to their parents' income level. This concept highlights economic opportunities and social mobility across generations.

Wealth inheritance

the process of passing down assets, both tangible and intangible, from one generation to the next, primarily within families

Meritocracy

a system where individuals are rewarded based on their demonstrated abilities and achievements, rather than on factors like wealth, social status, or family connections.

Occupational segregation

refers to the uneven distribution of different demographic groups (like women and men, or various racial and ethnic groups) across different occupations

Credentialism

excessive emphasis placed on educational degrees and certifications for employment and social status, often overshadowing actual skills and abilities.