Social Class (Ch. 5) Flashcards
socioeconomic status
- occupation, education, income - hierarchal arrangement of individuals based on wealth, power, and prestige (so even if your profession is prestigious, it may not pay well, so you may not really have power)
stratification
- insitutionalized inequality of distribution of scarce resources
Weber
- stratification - added income/wealth (not everyone can have $), status (if everyone had high status, it wouldn’t exist), and power (not everyone can have power) to stratification
Why don’t change theorists/Marxists like socioeconomic status and stratification?
- class and inequality are tied to struggle between opposing forces - class is determined only by relationship to production
status symbols
- assumed to be signs of class - ie. cars, clothes, vacations
status
- financed through debt
middle class
- is the working class -> all our labour produces profit for elites, even though conditions over labour are different and our control over our workday may be different
class consciousness
- understanding one has of their place in the class structure - working class have low class consciousness -> identify as middle class
how working relates to capitalism
get good education -> get high-paying job -> buy luxurious status symbols to show that you’ve “made it” -> contributes to capitalism
thinking dialectically about class
- class is relational yet hierarchal (middle class consumers depend on working class labour) - composed of objective (type of labour) and subjective (class consciousness) elements
What do the Council on Foreign Relations, the Canadian Council of Chief Executives, and the Bilderberg Group all have in common?
- All essentially secretive unions that support the upper class - examples of corporations that make major decisons that affect our lives, yet we don’t relaly know what goes on/how those decisions are made
Ruling class/corporate elites
- economic power -> social/political power to protect own class interest
income
wages or salary
wealth
- money minus debts - cash, property, boats, stocks, etc. - usually inherited
Why do some people have a lot of wealth, yet a small income?
Because they’ve inherited their wealth (income doesn’t really matter) -> contradicts social value that “if you work hard, you can make it big!” -> that value is a distraction for the real way people make it into owning class -> being born into it