Social Issues 206 week 3 Chapter 2 notes
Social Issues 206 week 3 Chapter 2 notes SOC 206
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This 2 page Class Notes was uploaded by Lam8o on Tuesday September 13, 2016. The Class Notes belongs to SOC 206 at University at Buffalo taught by Dr. Christopher Mele in Fall 2016. Since its upload, it has received 5 views. For similar materials see Social Issues 206 in Social Science at University at Buffalo.
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Date Created: 09/13/16
Chapter 2 Poverty and Wealth Social stratiﬁcation (Inequality) • Each society has some form of social stratiﬁcation, but societies classify people on different criteria Social stratiﬁcation is a characteristic of society; it continues over generations, and it is • maintained through beliefs that are widely shared by members of society. • By deﬁnition inequality is unequal; this contradicts American values • How are we content with some having more than others? Systems of Stratiﬁcation • Social class refers to a system of stratiﬁcation based on access to resources such as wealth, property, power, education, and prestige • Sociologists often call it Socioeconomic Status aka (SES) • What is the difference between income and wealth? Social Classes in the U.S • Wealthiest people in a class system • Make up approximately 1 % of the population • Possess most of the wealth of the country • The ratio of CEO pay to factory worker pay rose from 42:1 in 1960 to as high as 531:1 in 2000, at the height of the stock market bubble. • It was at 411:1 in 2005 and 344:1 in 2007, according to research by the United for a fair economy By way of comparison the same ration is around 25:1 in Europe • • The Upper middle class • Professionals and managers • Make up about 14% of the population in the U.S • Beneﬁted the most from college • The middle class primarily consists of • “White collar” workers • Have a broad range of incomes • Make up about 30% of the population in the U.S • The working (lower middle) class • “Blue collar” or service industry workers • Less likely to have college degrees • Make up about 30% of the U.S. population • The lower class (working poor) • Many poor people who typically have lower levels of literacy than other classes • Make up about 20% of the U.S population • low mobility
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