D families and safety nets 1 family inheritance plays

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Introduction to Probability and Statistics
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Chapter 7 / Exercise 25
Introduction to Probability and Statistics
Beaver/Mendenhall
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D.Families and Safety Nets 1.Family inheritance plays a role in determining who will live a wealthy life style of not. 2.Emile Durkheim predicts that family income will decline over time 3.Andrew Carnegie predicts that relatives money makes people lazy E.The Asset Perspective
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Introduction to Probability and Statistics
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Chapter 7 / Exercise 25
Introduction to Probability and Statistics
Beaver/Mendenhall
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1.Wealth offers the key to understanding racial stratification 2.“Wealth” according to the author is more than necessities 3.Income and wealth are different 4.Shapiro argues that we have been seriously underestimating racial inequality by focusing primarily on workplace and income and that an examination of wealth is an indispensable part of understanding inequality 5.Main idea: Assets v. Labor II.Nickel-And-Dimed [On (Not) Getting by in America] —Barbara Ehrenreich A.Barbara was economically unstable B.Living on a $6 to $7 hourly wage wasn’t enough to live in an apartment 1.Low wage jobs is not a solution to poverty and homelessness C.Gali is a waitress who is a friend of Barbara 1.Abusive relationship D.Barbara begins working at two jobs E.Hearthside Job 1.Not an adequate job F.Jerry’s Management 1.Somewhat adequate job 2.B.J-the-Bitch is hated G.Author faces a hardship in her job and quits immediately
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.

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