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attributes of american capitalism (wright and rogers)
markets for exchange (organized for markets rather than immediate use)
private ownership and control of investment
markets for labor
gigantic corporations
extremely weak labor unions
limited parental leave
right to strike
weak regulation of the economy by the government
globalization
economic inequality in a wealthy economy
Lecture
dominated by powerful mega-corporations
weak labor unions
weak regulation of economy
deeply interconnected with global capitalist economy
social class in the US (wright and rogers)
classes
connection between individual attributes and material life conditions
as opportunity hoarding
requirements for filling the job (education → human capital to make people more ‘productive; licenses/credentials; private property rights)
as exploitation
landowners seizing control of common lands; those who own and control the means of production and those who are hired
how social class is perceived and portrayed (lecture, Loewen, video)
sociological perspective
robust class structure
class structure is a product of a particular type of capitalism
three barriers to social mobility
3 theories
theoretical origins (Weber); individual life chances
attributes that sort people into different class positions (educational attainment, social connections-social capital; cultural resources-cultural capital)
main class divisions: upper / middle / lower / underclass
why the myth of ‘classless society’ exists
your own class position (background and accept)
politics
education (is it addressed?)
the media
class dismissed soc. video
TV reproductions
deeply ingrain faults of working class - less education, lack of intelligence, less sophisticated, ignorant of elite society
taste
self-made principle - ‘working class deserve their failure’
social reproduction
how did identities and inequalities get reproduced?
-why do things stay the same?; social stability
working class (lecture)
“nickel and dimed”
those employed in skilled and semi-skilled manual occupations, esp. industrial manufacturing
working poor (ehrenreich)
lecture
those who are regularly employed (often in unskilled, service-sector occupations), but whose wages do not provide enough income to escape poverty
general decrease since 1986
4-7% of the working population
11.4% = poverty rate
less than 12k a year
employment to “improve productivity and mindset”
living wage (lecture)
minimum employment earnings necessary to meet a family’s basic needs while also maintaining self-sufficiency
does not cover: budget funds for elaborate meals, entertainment, savings, investments
reproduction of class relations (ehrenreich, domhoff)
domhoff
recreating class relations due to education and private social elite clubs
transmit idea to children in schools → many pursuing careers in business/finance which will continue their capitalist mindset
social mobility is limited, especially due to financial barriers in clubs
ehrenreich
social capital (lecture)
the use of social connections - resources used to draw on to succeed
cultural capital (lecture)
ability to ‘move in the waters’ in elite spaces
speaking about ‘sophisticated literature, music, etc”