sociology week 7 lecture notes
sociology week 7 lecture notes Sociology 1004
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This 4 page Class Notes was uploaded by Rafia notetaker on Wednesday October 5, 2016. The Class Notes belongs to Sociology 1004 at Virginia Polytechnic Institute and State University taught by Neal King in Fall 2016. Since its upload, it has received 8 views. For similar materials see Intro to Sociology in Sociology at Virginia Polytechnic Institute and State University.
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Date Created: 10/05/16
BAD JOBS: Crusading as ritual: o Symbolic, impractical o Dramatic, spectacular, moral drama o Ritual calls for sacrifice of others o Intense mechanical solidarity o Hostility toward group threat o “this precarious situation may spur negative attitude of natives….” Idk o “negative attitudes towards immigrants” page 10 dual labor market: secondary sector, outside of Fordism o “low” or “unskilled” o wages not based on human capital or profitability of industry—it doesn’t matter your education or how well the company is doing, the company is simply trying to pay people as little as possible home healthcare—considered an unskilled job though it is extremely demanding, working 24 hrs a day, taking care of old people. Mostly immigrants have these jobs. Little money is made. o Little promotion to primary sector—no matter how long you work as a home healthcare provider, you are never going to move up to being a nurse or a doctor. Another example: housekeeping, no way you’re getting promoted. There is no job ladder in primary sector jobs. o Short-term, precarious: jobs that are not guaranteed for a long time. Ex: a KFC drive-thru worker doesn’t get a customer for 2 hours, your manager will likely send you home and you won’t get paid BAD JOBS: American Dreams of security” o Mgrs profits from speculation on firms they can leave Lots of job creation, but wages are not rising…we never really recovered from the recession. o Investment turns towards mergers made possible by deregulation contracts… Managers were…. Speculation, trading, breaking up companies, for short term pay of Rather than investing in long term manufacturing Regulation—the state has the strings attached, makes the rules, etc. Deregulation: stopped caring about monopolies: only like 4 American airlines, a few cable companies in a particular area, etc. o Regulation of the banking industry: Neal couldn’t get a credit card when he was a kid because he didn’t have a steady income. There were laws preventing poor people from getting credit jobs. o Relaxation of anti-trust and anti-fraud enforcement o Bail-outs (of firms) after frauds o Undoing of laws against usury (short-term, high interest loans to poor people) Usury: making it unlawful to charge interest to your own people. Because it creates a lot of debt. People get upset. It frays the bonds of the group. Commonwealth usury law: exception for payday loans: o A.A licensee may charge and receive on each loan interest at a simple annual rate not to exceed 36% o B.A licensee may charge and receive a loan fee in an amount not to exceed 20% A break from tradition, from old law Efficient market hypothesis? o What are bosses doing when they are providing advice? o They give you good advice because otherwise, their reputation will sufer This is the heart of the efficient market hypothesis BAD JOBS: o High stock = long term health of company will be good o The stock price is an efficient way of gathering information and determining the long term health of the company. “Aha! The stock is going up! I should invest!” or “Oh no! the stock is going down…the company must be doing something bad…” o The Efficient market hypothesis is painfully naïve and very simplified (obviously real financial analysts are doing way more) Moods are contagious, good moods make other feel good o Corporate interlock, elite networks: there are individual rational people making decisions about the financial health of a company, you have a lot of social networking between coworkers. Employees hang out with each other and share ideas. o Tightly woven, low profiles: tight and follow the pact o Conformity, including, groupthink, contagion—if someone gets excited over a company, all of them start getting excited too. These guys are just like you and me, they key of of each other’s moods, they make irrational decisions based on solidarity, they make mistakes like you and I. EMH appeals within individual frame: o Rational choice as individual frame theory: we assume that each person does his/her own homework and they DON’T engage in group think (but as SOCIOLOGISTS we know that moods are infectious and they most likely engage in group think. o Contagion (shared mood), groupthink (stifling reservations for sake of solidarity) as sociology Deindustrialization: o Factories close, unions decline, employment become precarious o Fordism ends, subject to partisan control of congress Responses to pre-carity: o Gender division of labor narrows. BAD JOBS: Dad loses his job; mom goes back to work too. To help support the family. All because of de-industrialization. The woman have to pick up the slack in the pay checks. Length of workday (re) grows Cuts in compensation, temp work Withdrawal from labor market—some people just give up on getting jobs and they are no longer seen us unemployed…(more so just uninterested) Many working class men have withdrawed from the labor market. Especially if their girlfriends or wives have a better chance of getting a good job. Less mobility in the US for kids to surpass their parents in terms of class status. Shrinking middle class so this is a little harder. o Low chance that we will surpass out parents based on the trend, less mobility and more inequality. Decline of Fordism: o Decline of buying power and minimum wage o When it spikes that’s when congress has increased the minimum wage
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