Social Class Inequalities In Work And Employment Flashcards
What are the concept for the social class inequalities in the workplace ?
Concept 1: income inequality
Concept 2: status
Concept 3:living wage
Concept 4: wealth
What is income ?
Described as the flow
Amount of Money entering a persons bank account in a given amount of time
Examples for income for inequality in the workplace ?
- universal credit allowance falling short for many low income families
- FTSE 100 CEOs
Income :social class and workplace
Evidence of universal credit allowance falling short for many low income families ?
Basics benifits given to low income households are at least £140 pounds a month below real cost of food, energy and everyday basics
Income :social class and workplace
Evidence from FTSE 100 CEOs, (high pay centre,2023)
Takes a typical FTSE 100 CEOs just 30 hrs to get paid what a typical Uk worker gets paid in a year
Concept 2 : status
What is status ?
Refers to the prestige, respect and social honour based on position in society
Social class and workplace inequality
Examples of status?
- Non financial rewards
- other financial rewards
- power, control and flexibility
Concept 2 status
What is non financial reward ?
In most jobs difference in status in reflected by different uniforms or work dress or canteen compared to other workers
Concept 2 : status
What is other financial rewards ?
Compared to senior staff more routine workers earn less and less likely to enjoy longer paid holidays or pensions
Concept 3: status
What is power, control and flexibility ?
Senior members of workplace have more power over work e.g making own decision on how to do job, set up own working hours
What is comfort 3: living wage ?
Hourly wage rate rush should be more than the money necessary to live
Concept 3: Living wage
1st stat : according to the resolution foundation what was the proportional of people paid below real living wage in 2018?
Stood at 24% of all UK employees over age of 25
Concept 3: living wage
According to the resolution foundation what % of employees Aged below 20 received less than living wage
77%
Concept 3: living wage
According to resolution foundation , how many restaurants and hotel workers were paid below the benchmark ?
2/3
What concept 4: wealth ?
Economic resources, assets and possessions of a person at a fixed point of time. Wealth might include property, wealth and physical wealth
Examples for wealth and social class and workplace inequalities
- equality trust, 2019
- ONS, 2019
- south east
Concept 4: wealth
According to the equality trust (2019), the richest top 10th of the country owns how much of UK total wealth whilst the poorest 10% owns close to 0%
45%
Concept 4: wealth
According to equality trust2019,What amount of people in the country own 45% of the UKs total wealth
Richest top tenth of the country
Concept 4: wealth
According to equality trust 2019, 10% of the poorest in the country own wealth
0%
Concept 4: wealth (2nd stat ONS 2014-16)
Wealth is unevenly spread across Britian but what region is the wealthiest ?
South east is the wealthiest of all regions
Concept 4: wealth
What is the median household total wealth of south east according to ONS 2014-16 ?
£387,400
Concept 4: wealth
According to ONS 2014-16, £387,400 of south east is twice as much as what region ?
Of North West
Concept 4: wealth (3rd stat)
According to ONS,2019, what was the average wealth increase for poorest group ?
3%
Concept 4: wealth (3rd stat)
What was the average wealth increase for the richest group according to ONS,2019 ?
11%