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Unformatted text preview: rare. Intergenerational mobility: mobility between generations (father-son). Intragenerational mobility: mobility within a generation, during a persons 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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- Spring '08