Chapter 8 - Social Stratification Flashcards
Social Stratification
the way in which society is organized into layers based on wealth, power, and status
Income Quintile Share
measures the share of total income earned by each fifth of the population, ranked by income
How to compute income quintile shares (4)
- rank families in population from lowest to highest incomes
- compute the total income generated by all families
- compute the total income for each quintile
- divide the total income for each quintile by the total family income to calculate the income quintile share
Gini Coefficient
reports the proportion of total income that would have to be re-distributed for perfect quality to exist
Human Capital
the sum of useful skills and knowledge that an individual possesses
Social Capital
networks or connections that individuals possess
Cultural Captial
the stock of knowledge, tastes, and habits that legitimate the maintenance of power and status
Low-Income Cutoff
statistic canada’s term for the income threshold below which a family devotes at least 20% of it’s income to the necessities of food, shelter, and clothing than does the average family
Myths about the poor (3)
- they don’t want to work and that is why they are poor
- most people living in poverty are immigrants
- most poor people are trapped in poverty
Explanations of Poverty (3)
- Individual Level = attributes of poor people
- Economic Organization = capitalism
- Social Policy = example: minimum wage
Feudalism (what and who)
what: a legal arrangement in preindustrial Europe that bound peasants to the land and obliged them to give their landlords a set part of the harvest. in exchange, the landlords were required to protect peasants from marauders and open their storehouses to feed the peasants if crops failed
who: marx
Class Consciousness (what and who)
what: being aware of membership in a class
who: marx
Class (Marx’s Definition)
determined by a person’s relationship to the means of production
Class (Weber’s Definition)
determined by a person’s “market situation”
Bourgeoisie (what and who)
what: owners of the means of production, inducing factories, tools, and land. they do not do any physical labour. their income derives from profits
who: marx