04 Social Class and Inequality Flashcards
marx model
relationship to the means of production:
Bourgeoisie (upper, nonworking)
proletariat (working)
weber model
class -> market position (skills, ethos, creds)
status -> social honor and prestige
party -> ability to influence others via political power
view it as a 3 circle venn diagram
bourdieu model
economic capital <-> social capital <-> cultural capital
gilbert model
capitalist
upper mid
mid
working
working poor
underclass
class origin
class you are born into
class destination
class you end up in
mobility table
shows upper trends and lower trends of change of certain context ie changing from class origin
class reproduction
family passes down class status based on inherited assets from previous generations
poor -> poor
rich -> rich
absolute mobility
whether living standards in society have improved or worsened overall
relative mobility
whether an individual position in society has improved relative to the one they started in
absolute mobility in us
downward mobility of children earning more than their parents from 1935 to 1990
relative mobility in us
intergenerational income mobility: broken into quintiles based on status at birth -> individually ranked
us mobility in comparison
higher perceived ability to move from bottom to top quintile of earnings (american dream narrative false)
equal perception of remaining in bottom quintile as actual
ways to measure income inequality
ceo pay vs worker pay
taxes paid by income group
current state of income inequality
worker pay -> hasn’t changed
ceo -> increased to 1000.00%
elite socialization
wealth inequality in us
99th percentile: over 10mil
10th percentile: $900
relative poverty
person’s income compared to average income of community
absolute proverty
compares house income to basic price of essential needs like food, clothing, etc
relative poverty in us
bottom quintile of income distribution
living below half of the current median income (40K in us)
absolute poverty in us
official poverty measure - 26K for fam of 4
world bank international poverty line - $2.15/day
factor driving homelessness
minimum wage doesn’t cover cost for housing in some states
