Unit 7 Flashcards
the feeling of dissatisfaction and disconnection from the fruits of one’s labor
alienation
the resources we use to get things we want and need
capital
an understanding that members of a social class share economic interests
class consciousness
positions in the economy that are in some ways like the proletariat and in other ways like the bourgeoisie
bourgeoisie
an economic system based on private ownership of the resources used to create wealth and the right of individuals to personally profit
capitalism
people are born into unequal groups based on their parents’ status and remain in these groups for the rest of their lives
caste system
an extreme form of inequality in which some individuals are owned by others as their property
enslavement system
a grouping based on similar social factors like wealth, income, education, and occupation
class system
prejudice against and discrimination toward people with dark skin compared to those with light skin, regardless of race
colorism
crisis of capitalism
crisis of capitalism
positions in the economy that are in some ways like the proletariat and in other ways like the bourgeoisie
contradictory class locations
financial resources that are or can be converted into money
economic capital
an invisible barrier that restricts downward mobility
glass floor
the minority of people who control a disproportionate amount of wealth
economic elite
people who live in extreme poverty lack even the basic necessities, which typically include adequate food, clean water, safe housing, and access to healthcare
extreme poverty
an invisible barrier that restricts upward mobility
glass ceiling
a system in which people were given land and protection by people of higher rank, and worked and fought for them in return
feudal system
years of unprecedented technological innovation, mass immigration, and intense political partisanship
the Gilded Age
a capitalist system with little or no government regulation
free market capitalism
associations that organize workers so they can negotiate with their employers as a group instead of as individuals
labor unions
a process by which a potentially controversial social fact is made acceptable
legitimation
the work people can do with their bodies and minds
labor
The middle number; found by ordering all data points and picking out the one in the middle
median
resources that can be used to create wealth
means of production
an income that allows full-time workers to afford their basic needs
living wage
The “average” number; found by adding all data points and dividing by the number of data points
mean
the most common number that appears in your set of data.
mode
a new class of workers who live economically precarious lives
precariat
the idea that one’s character can and should be measured by one’s dedication to paid work
Protestant work ethic
an economy centered on jobs in which workers provide services or work with information
service and information economy
opportunity to move up or down in the economic hierarchy
social mobility
a patchwork of programs intended to ensure that the most economically vulnerable do not go without basic necessities like food, clothing, and shelter
social safety net
an economic system based on shared ownership of the resources used to create wealth that is then distributed by governments for the enrichment of all
socialism
cash payments given to workers in exchange for their labor
wage
differences between the hourly earnings of different social identity groups
wage gaps
the stock of assets held by a person or household at a single point in time
wealth
a capitalist economic system with some socialist policy aimed at distributing the profits of capitalism more evenly across the population
welfare capitalism
