Chapter 11 Flashcards

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1
Q

Gini Coefficients

A

measure of how equally, or unequally wealth is distributed in a given population

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2
Q

How is wealth distributed?

A

It is finite and can be widely distributed or concentrated

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3
Q

High Gini Coefficient=

A

greater inequality

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4
Q

Social Stratification

A

division of society into groups arranged in a social hierarchy, which impacts how resources are allocated in society, every society has one

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5
Q

3 Characteristics of Social Stratification

A

characteristic of society, not reflection of individual differences, persists over generations because people inherit social class, maintained through beliefs widely shared through society

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6
Q

Weber’s Dimensions of Social Stratification

A

social class (wealth), status (prestige), and power

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7
Q

Meritocracy

A

a political system where economic goods/ political power are distributed to people based on talent, effort, and achievement, and advancement is based on performance, has a high social mobility

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8
Q

Social Mobility

A

ability/inability of social members to change their position in the social hierarchy

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9
Q

Intergenerational Social Mobility

A

changes between generations

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10
Q

Intragenerational Social Mobility

A

changes within generations

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11
Q

Economic Inequality

A

politically charged issue where income distribution in the U.S. is heavily skewed

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12
Q

Wealth Inequality

A

much worse than economic inequality because great wealth equates to advantages like freedom and autonomy

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13
Q

Wealthy people have access to many forms of power and control, such as…

A

charities/philanthropic organizations, can manipulate the political sphere, and use the money to directly gain control of the political office

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14
Q

Why is wealth/ lack of wealth self-perpetuated?

A

it is passed from one generation to another

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15
Q

Poverty

A

disparity between rich and poor is considered moral problem by many

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16
Q

Social forces create and perpetuate poverty for what 3 reasons?

A

poverty is built into the capitalist system, competition between social classes motivates those with power to get more power, and government actions to reduce poverty are generally limited by policy and American ideology (hard success)

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17
Q

Absolute Poverty

A

people don’t have enough to survive - objective

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18
Q

Relative Poverty

A

people think that they are poor relative to others -subjective

19
Q

Poverty Line

A

households who fall below a specific threshold are considered to not have enough to survive

20
Q

How is the poverty line calculated?

A

Social Security Administration multiplies the cost of a “nutritionally adequate food plan” by 3

21
Q

Feminization of Poverty

A

women are more likely to be in poverty because they are more likely to live alone, have lower salaries and more kids are born to unmarried women

22
Q

High-Income Countries

A

per capita income of $12,056, mostly in the global north, 81 nations

23
Q

Middle-Income Countries

A

per capita income of $12,055 - $996, 103 nations

24
Q

Low-Income Countries

A

per capita income below $996, largely agrarian and low-level industry, 34 nations

25
Q

Other Global Inequalities

A

global digital divide, global health inequality, gender stratification

26
Q

The race to the bottom

A

phenomenon of nations reducing regulations, taxes and wages to attract international business

27
Q

Feudalism

A

economic system based on agriculture where landlords are entitled to receive the products of laborers, the biggest source of inequality before the Industrial revolution

28
Q

Welfare State

A

bundle of programs that provide insurance and assistance for people like elderly, disabled or in poverty

29
Q

High-End Inequality

A

wealthiest people can use their wealth to become even more wealthy, pulling away from everyone else in the process

30
Q

Classes consist of people who…

A

have conflicting economic interests with other classes, share similar life chances, have similar attitudes, and have the same potential to engage in collective action

31
Q

Marx and Engels Ideology

A

in capitalist society, the most important class distinction was between business owners (bourgeoisie) and workers (proletariat)

32
Q

socioeconomic status (SES)

A

broad definition of someone’s social class based on components such as education, income, and job

33
Q

Erickson - Goldthorpe Class Scheme

A

salariat/service class, routine nonmanual workers, bourgeoise/self-employed, farm owners, skilled workers/supervisors, nonskilled workers, and farm laborers

34
Q

Factors Increasing Inequality

A

technology, decline of manufacturing, globalization, government policies

35
Q

Progress Tax System

A

the more you earn, the more you pay - big impact on inequality in U.S.

36
Q

Inequality of Opportunity

A

the ways inequality shapes opportunities for kids and young adults to maximize their potential

37
Q

Ascription

A

someone is born into their priviledges

38
Q

Gini Coefficient doesn’t tell us what?

A

the overall standard of living

39
Q

Human Developmental Index

A

life expectancy, average income, education level - tells us the overall standard of living, high # = high standard of living

40
Q

Social Class

A

all of someone’s economic assets - net worth

40
Q

Status

A

respect or lack of what you receive from your community

41
Q

Prestige

A

usually measured by occupation

42
Q
A