11-11 - 9/24 Outline Social Inequality I: Overview I....

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9/24 Outline Social Inequality I: Overview I. Explaining the persistence of inequality II. Approaches to Class a. “Conventional” vs. “Marxian” approaches III. The US as a “Middle Class Society” and the American Dream a. Social Mobility and “openness” Two Facts (Sanderson Ch.10) If we compare the level of inequality in earlier agrarian societies to the level of inequality typical of industrial societies, we find that inequality is lower in industrial societies If we compare earlier agrarian societies to industrial societies we find that there is less “ class structuration” (i.e., more social mobility and fewer cultural differences between classes) Two other facts (Sanderson Ch. 10) Income inequality: The top 20% of American families typically receives 40%- 50% of income paid out in the U.S. economy Wealth inequality: The distribution of wealth is even more skewed (i.e., unequal). The 20% of American families typically own over 75% of wealth (i.e., over ¾
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11-11 - 9/24 Outline Social Inequality I: Overview I....

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