Week 13 Introduction to Sociology SOCI 111
Week 13 Introduction to Sociology SOCI 111 SOCI 111
Ivy Tech Community College
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This 0 page Class Notes was uploaded by Samantha Fore on Monday December 28, 2015. The Class Notes belongs to SOCI 111 at Ivy Tech Community College taught by in Fall 2015. Since its upload, it has received 23 views. For similar materials see Introductory Sociology in Sociology at Ivy Tech Community College.
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Date Created: 12/28/15
Chapter 14 Economy Many people are working longer hours nowadays mostly people at a higher income level in order to prove loyalty or achieve marginal benefits Creative class category of workers in many different occupations and industries united by the fact that creativity is central to their productive work fastgrowing well paid now in high demand Feudal system came before capitalism in Europe began to change as early as the 15th century with the enclosure movement which forced people off what had been public land and sent them looking for work in cities In the 18th century new farming technologies led to an agricultural revolution that helped increased the population and value of the land and innovated manufacturing and transportation tech because of an increased labor pool to fill new jobs The revolution and industrialization changed society by from barter to the use of legal currency to buy and sell goods and from agreements between individuals to contracts between corporations Adam Smith argued that competition helps maintain a cohesive society stated that specialization is a key to increased productivity and innovation and that in use of money unlike barter makes trading more efficient Georg Simmel saw the evolution of monetary payment systemfrom piecework payment to wage labor to salaried work as a force to depersonalize exchange felt this was a positive change that helped create separate public and private spheres and gave works more freedom to enjoy the private or leisure sphere Karl Marx argued that capitalism created alienation in workers alienation from the products they produced from the production process from each other from themselves and from their creative tendencies predicted that capitalism would destroy itself and working class would rise against capitalist class leading to a period of socialism then communism Max Weber linked the rise of capitalism to tech and ideas mostly connected to the Protestant Reformation saw capitalism in a negative light not because it caused alienation but because he thought people would become obsessed with working and making money that they would never enjoy Today people actually earn less money compared to the early 1900s The Ford Motor Company s idea of family wage was based on limited definition of family it favored married men with children over single men or married man without kids it reinforced the idea that women should not work Compared to people in many other industrial countries and some developing countries Americans work longer hours and have fewer vacation time and less generous family leave policies Some American companies are starting to offer familyfriendly policies like extime but employees are not really taking advantage of said policies Studies show that working moms are lass depressed and have a higher selfesteem than moms who don t work Globalization processes that create and intensify worldwide social exchanges and interdependencies creates an increase in trade and economic exchanges magnifies the division between the rich and poor Corporation juristic person one that has all the legal right duties and responsibilities of a person primary goal is generally the pursuit of profit Overriding objective of corporations is to make profits for their shareholders and in order to do this they must find ways to beat competition sometimes these lead corporations to cross the line of legality or close to it Employees put pressures on corporations for better wages benefits and working conditions Union when workers come together to make demands for better wages benefits and working conditions Monopoly form of business that occurs when one seller of a good or serVice dominates the market to the exclusion of other leading to zero competition Oligopoly economic condition that exists when a handful of firms effectively control a particular market Offshoring business decision to move all or part of company s operations abroad to minimize cost Union busting company s assault on its workers union with the hope of dissolVing it
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