I.Chapter 7 — Social Class And Inequality in the United States (Lecture Notes) A.Social Stratification 1.Social stratification: The systematic ranking of different groups of people in a hierarchy of inequality a)Example: University of California, Riverside Think about all the people that make this university run, who are they? These people all have a different status within the university. 2.A relatively fixed, hierarchical arrangement in society by which groups have different access to resources, power, and perceived social worth. a)Example: Deans of Universities control decisions on university policies. b)Professors earn “high salaries” yet do not control the decisions on university policies. c)Students are needed and can suggest changes. d)Staff make it possible to run the university. B.Class Definitions ABI 1.Modern capitalist society—teardrop-shaped 2.Class: Person’s economic position in society associated with differences in income, wealth, and occupation 3.Social mobility: Upward or downward status movement of individuals or groups over time C.Socioeconomic Status (SES) 1.Socioeconomic status:A common term for social class position as class is primarily measured in economic terms, especially when social classes are compared iunternationally. a)Median income(midpoint of all household income) Wealth is what one owns minus debts; this is not the same as income. b)Another indicator is occupational prestige. c)SES = Income, Education, and Occupational Prestige D.Occupational Prestige 1.Occupational prestige: The perceived, subjective rank assigned to an occupation; this is associated with years of education and degrees.