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social stratification
the way in which society is organized into layers based on wealth, power, and status
income quintile share
the share of total income earned by each fifth of the population, ranked by income
observes income inequality changes over time
gini index of inequality
measure of income inequality ranging from 0 (every household earns exactly the same income) to 1.0 (single household earns all income)
human capital
sum of useful skills and knowledge that an individual possesses
investment in education and training
social capital
networks or connections that individuals possess
cultural capital
peoples ability to
impress others,
use tasteful language and images effectively,
influence and persuade others
meritocracy
social system where rewards, power, and status are distributed based on individual ability, talent, and effort rather than inherited wealth or social class
most people earn most of their income from…
wages
rich people tend to earn most of their income from
investments in stocks and properties
capital gains
50% of income from profits on sales of stocks and properties
defining poverty with absolute terms
focus on bare essentials
defining poverty with relative terms
how far from the average income
expulsion
forcible removal of a population from a territory claimed by another population
how does expulsion apply to indigenous people
creation of reserve system
limitations on housing, equity
two types of factors for homelessness in Canada
individual-level
structural level
feudalism (marx)
legal arrangement in preindustrial Europe that bound peasants to the land and obliged them to give their landlords a set part of the harvest
how is class determined in marxs terms
by a persons relationship to the means of production
bourgeoisie
owners of the means of production
factories, tools, the land
income derives from profits
proletariat
working class
physical labour
earn wages
petite bourgeoisie
class of small scale capitalists who own the means of production but employ a few workers or none at all
bound to disappear as capitalism develops (economically inefficient)
max weber’s theory of class conflict
class is a distributional concept
change in class is associated with an individual's value in the marketplace
four classes
four classes in max weber’s theory
large property owners
small property owners
propertyless but relatively high-educated / well paid employees
propertyless manual workers
status groups (max weber)
differ in terms of the prestige or social honour they enjoy, also in terms of style of life
parties (weber)
organizations that seek to impose their will on others
weber emphasized ___________ as important non-economic sources of inequality
prestige and power
functional theory of stratification
some jobs are more important than others are
people make sacrifices to train for important jobs
inequality is required to motivate people to undergo these sacrifices
critique of functional theory of stratification
from historical pov, none of the important jobs would exist w/o the unimportant ones (physical labour)
ignores talent undiscovered because of inequality
fails to examine how advantages are passed from generation to generation