Study Guide - Study Guide How pervasive is inequality? Why...

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Study Guide How pervasive is inequality? Why does it exist? 1. Define stratification and give an example of a topic that a sociologist interested in stratification might study. Stratification can be described as the grouping of individuals based on certain criteria. Wealth and income is an example of a topic that a sociologist interested in stratification might study. 2. Discuss how the saying “a rising tide lifts all boats” is incorrect. Discuss how poverty rates might increase even as average income is increasing. ‘A rising tide lifts all boats’ is incorrect due to the fact that in our economy in the ‘rising tide’ has only lifted the boats as the top. As we know, means/averages are affected by outliers (extremely high or low amounts). So therefore, even as the average income rises, only those at the top are seeing significant gains, skewing the averages. The rise income is not distributed evenly. So yes, average income is rising for those who make more. They are steadily making more, while the poor are making the same, or less. 3. Describe trends in income and wealth inequality in the US over the last 60 years. The ‘Age of Shared Prosperity’, which was marked by a more even distribution of economic increase, ended in the mid 1970’s and became the ‘Age of Growing Inequality’, which is marked by the extremely wealthy, becoming more wealthy. While those below them see little economic gain. 4. Describe households at different levels of the income distribution in terms of their income, household structure, and patterns of female labor force participation. Poor . Income- less than 12,000; Government is large source of income. Many female headed households, and a lot of elderly. Marginal. Income around 35,000; single wage earner, usually woman; low skilled blue-collar, clerical, or service job. Mostly white, but many minority families Upper Mainstream. Median income of about 50,000. Households depend on the income of 2 workers. Usually employed in lower level management positions, technicians, or blue-collar workers. Beyond the Mainstream. Average income: 120,000. Two earners. Professional and managerial. Few minority or female heads. Working Rich. Income around 500,000. Lawyers, doctors, executives. Mostly single-earner. Out of Sight Rich. Income over 1 million dollars. Income mostly from assets, but work as executive officers of large corporations. 5.
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This note was uploaded on 04/03/2012 for the course SOCY 4111 taught by Professor Elizabethstearns during the Spring '12 term at UNC Charlotte.

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Study Guide - Study Guide How pervasive is inequality? Why...

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