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7 SOCIAL CLASS AND INEQUALITY IN THE UNITED STATES Discover Sociology 2E Custom Interactive E-book Edition William J. Chambliss, Daina Eglitis Media Library CHAPTER 7 Media Library AUDIO Inequality and the Economic Crisis Hollywood’s American Dream VIDEO John Oliver on Income Inequality & Wealth Perceptions of Wealth Inequality Income Mobility Economic Inequality CQ RESEARCHER Income Inequality PACIFIC STANDARD MAGAZINE Structural inequality and parental income JOURNAL Racial Stratification and Inequality Higher Education and Income Race and Desserts Typology of American Poverty p.155 IN THIS CHAPTER Stratification in Traditional and Modern Societies Sociological Building Blocks of Stratification and Social Class Class and Inequality in the United States: Dimensions and Trends The Problem of Neighborhood Poverty Why Do Stratification and Poverty Exist and Persist in Class Societies? Why Study Inequality? WHAT DO YOU THINK? 1. How equal or unequal is the distribution of income in the United States? What factors help explain income inequality? 2. What explains the existence and persistence of widespread poverty in the United States, one of the richest countries on earth? 3. Should the minimum wage be raised? What would be the costs of such an increase? What would be the benefits? p.156 POVERTY AND PROSPERITY IN THE UNITED STATES Melanie Stetson Freeman / Contributor/Getty Images An article in a recent issue of Bloomberg Markets that reported on a growing demand among investors for trailer park properties in the United States profiled one such investor: When Dan Weissman worked at Goldman Sachs Group Inc. and, later, at a hedge fund, he didn’t have to worry about methamphetamine addicts chasing his employees with metal pipes. Or SWAT teams barging into his workplace looking for arsonists. Both things have happened since he left Wall Street and bought five mobile home parks: four in Texas and one in Indiana. Yet he says he’s never been so relaxed in his life.... [He] attributes his newfound calm to the supply-demand equation in the trailer park industry. With more of the U.S. middle class sliding into poverty and many towns banning new trailer parks, enterprising owners are getting rich renting the concrete pads and surrounding dirt on which residents park their homes. “The greatest part of the business is that we go to sleep at night not ever worrying about demand for our product.... It’s the best decision I’ve ever made.” (Effinger & Burton, 2014) The decline of the U.S. middle class has wrought substantial consequences for millions of families. It has also, as the Bloomberg article suggests, opened new opportunities for others, including members of the upper class. The economic position of the middle class, particularly its less educated fraction, has been slowly declining since the 1970s, a process accelerated by the economic recession of 2007–2010, the effects of which are still felt in many families and co.
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Maquita Conner October 16, 2015 Sociology 101 Exam # 2 Study Guide A recap of two types of statuses: achieved and ascribed · Achieved status-a social position that a person attains largely through his or her own efforts. · Ascribed status-a social position assigned to a person by society without regard for the person’s unique talents and characteristics. Stratification · Can be based on race, class, gender, or sexuality Why do we have stratification? Functionalists maintain that a differential system of rewards and punishments is necessary for the efficient operation of society. · According to Conflict Theorists competition for scarce resources results in significant political, economic, and social inequality. Dominant Ideology-describes a set of cultural beliefs and practices that helps to maintain powerful social, economic, and political interests. Know the differences between income and wealth · Income-refers to salaries and wages · Wealth-is an inclusive term encompassing all a person’s material assets, including land, stocks and other types of property. Max Weber proposed that the working class must develop class consciousness True or False Poverty The percent of people in the United States living below the poverty line A) 55 B) 31 C) 15 D) 5 Why are women experiencing higher rates of poverty? Conflict theorist trace higher rates of poverty among women to three distinct factors: the difficulty in finding affordable childcare, sexual harassment, and sex discrimination in the labor market. Which of the following sociological perspectives believe that class is closely related to people’s life chances? A) Functionalist B) Feminist C) Conflict D) Symbolic Interactionist Explanations for poverty · Poverty can’t only be explained by a low minimum wage · There’s the American dream “pull yourself up by your boot straps” · Problem with the American dream-everyone is not given an equal playing field. Class, position, ascribed status, and race are factors that more or less determine your chances of success or lack there of Social Mobility · Social mobility refers to the movement of individuals or groups from one position in a society’s stratification system to another. Which are NOT types of social mobility? A) Intergenerational mobility B) Horizontal mobility C) Vertical mobility D) Intragenerational mobility E) All are types of social mobility More descriptions of poverty · Unequal distribution of wealth and income · Between 1973-2000, the top 5% of American families saw their share of income go up almost 30% while the bottom 40% saw their share drop 17% · The way our system is set up is not an accident What happened to trickle down? Reagan said if taxes were cut at the top, the wealth will trickle down. THAT DIDN’T HAPPEN; No real trickle down Education · Education plays a critical role in social mobility A person born into a poor family but who graduates from college has a one in five chance of entering the top fifth of all income earners ...
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the like of which we have not seen since the 19th century. America's top tier hasgrown infinitely richer and more removed over the past 25 years. It is not unfairto say that they are literally living in a different country. Few among them sendtheir children to public schools; fewer still send their loved ones to fight our When you live in one of the riches countries in the world but don't haveaccess to adequate housing, child care etc. the issue becomes survival notwealth attainment. Also, when talking about the poor some don't realize howthis is defined according to the census data that reports these numbers. The 2009 Poverty Guidelines for the 48 Contiguous States and the District of Columbia 61 Persons in family Poverty guideline 1 $10,830 2 14,570 3 18,310 4 22,050 5 25,790 6 29,530 7 33,270 8 37,010 Wealth Pyramid Paul Kivel in his article, Affirmative Action, Immigration, and Welfare: Confronting Racism in 1998 which was taken from his speech given at the University of Kansas he asks us to imagine a pyramid and he explains that this pyramid represents 100% of the population of the United States. 62 In the pyramid he discusses wealth or the accumulation of our assets, which can be referred to as our net worth. In author Paul Kivel's more recent book, You Call This a Democracy he discusses his economic pyramid as I have described below: Economic Top 1 0/0 Of the Pyramid (the ruling class): their net worth is over Next 190/0 of the pyramid (the managerial class): controls another 44% of the country's wealth the net worth of each household is over $500,000THESE Two GROUPS EQUAL 200/0 OF THE POPU'LATION BUT THEY CONTROL 910/0 OF THE WEALTH OF THE RICHEST COUNTRY IN THE WORLDLast 80% of the pyramid(made up of the middle class, working class & dependent working controls only 9% of the wealth, which must be divided among them, an] their "average" net worth is $38,000 (where many of the dependent working poor are in the negative) To make sure you completely understand what this represents, we must define Net Worth = Assets — Liabilities Where, assets are items you own of value like an automobile or home and liabilitiesare items that you owe like the car note or mortgage. For instance, let's assume that you are like many Americans and have thefollowing living circumstances: Your annual income is $25,000, you rent ratherthan own your home, have credit card debt, have a car but you owe on it. You don't participate in an IRA (Individual Retirement Account), you have no stocks or mutual funds (wealth building assets), no other investments and only a small savings in the bank. Your assets & liabilities may look like this: Car worth $10,000 Savings $1000 Total Assets $11,000 Car loan $13,000 Credit Card Debt $15,000 Total Liabilities $28,000 Your net worth would be calculated as 11,000 - 28,000 = (17,000) which mean that you are in the red, because you have a negative net worth. Now where d ...
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How to Troubleshoot Apps for the Modern Connected Worker
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Axa Assurance Maroc - Insurer Innovation Award 2024
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HTML Injection Attacks: Impact and Mitigation Strategies
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Partners Life - Insurer Innovation Award 2024
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Scaling API-first – The story of a global engineering organization
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AWS Community Day CPH - Three problems of Terraform
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Tech Trends Report 2024 Future Today Institute.pdf
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Data Cloud, More than a CDP by Matt Robison
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Real Time Object Detection Using Open CV
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2024: Domino Containers - The Next Step. News from the Domino Container commu...
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Understanding Discord NSFW Servers A Guide for Responsible Users.pdf
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Boost PC performance: How more available memory can improve productivity
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ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
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Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
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TrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
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Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
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Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
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Boost Fertility New Invention Ups Success Rates.pdf
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Artificial Intelligence: Facts and Myths
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Exploring the Future Potential of AI-Enabled Smartphone Processors
Social class in_the_united_states
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Social Class in
the United States By Danny Leavy
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