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notes 4 - rare Intergenerational mobility mobility between...

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Notes ISS 335: 2/12/08 America – a middle class society? Social class – people who rank closely in power, wealth, and prestige Middle class: teacher, auto workers, police, secretary, nurse, social worker, manager, electrician. Too broad of a classification ^ ^ ^ ^ ^ ^ ^ Rossides’ model of U.S. Classes: -Upper Class (1-2% of the population) inherited wealth, top position holders, CEOs. Tend to associate with each other. > 500k per year - Upper middle class (10% of the pop.) physicians, lawyers, executives. Tend to be active in the community. > 85-250k per year - Lower middle class (30% of the pop.) Teachers, nurses, owners of small businesses $35-60k per year -Working class (40% of the pop.) factory workers, truck drivers, electricians. 30-60k. -Lower class (20% of the pop.) unemployed single mothers. < 15 k per year *Not based on income but the nature of work. Social mobility- common between adjacent sectors (high, mid, low). But bottom to top mobility is very
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Unformatted text preview: rare. Intergenerational mobility: mobility between generations (father-son). Intragenerational mobility: mobility within a generation, during a person’s life. (Start as an assistant, work up to manager) Bourgeoisie: ruling class. Bourgeois: middle class. Poverty line: $9800/ year for individuals | $20,000/ year for family of 4 About 1 in 5 children under the age of six lives in poverty. Rich richer / Poor poorer Gap between rich and poor, widest in history Class differences are inherent in capitalism. Capitalism – private ownership of the means of production, profit is the incentive for economic activity. Som – the means of production are publically owned. Communism – a hypothetical system – all property is communally owned – all members are socially equal. Being black, living in the red Income – salaries, wages, earnings Wealth – total assets, property, savings, stocks, etc. Whites can often depend on relatives...
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