Inequality & Discrimination
Which race/ethnicity had a higher likelihood of receiving a college education?
Whites or African Americans
Whites
How social factors connect and affect what people buy, how businesses are run, and who works in which jobs.
Economic Sociology
Roughly what is the wage gap between men and women?
15% (10-20%)
Official U.S measure of the amount of money needed to provide a minimally sufficient level of food and shelter
Poverty Line
A situation where economic resources are unevenly distributed among people
Economic Inequality
Skills and knowledge that allow you to be productive at work and produce economic value
Human Capital
What is the median household income in the U.S.?
$75,580
When people specialize in specific jobs and rely on others for what they need
Division of labor
When an employer chooses new employees based on personal preferences
Taste-based Discrimination
What is it called when a job is perceived to be appropriate for either men or women, but not both?
Gender Typed Jobs
Roughly what percent of Americans believe the wage gap between the rich and poor is a big problem
51% (46-56%)
A social system governed by a state of composed workers with no private industries
Socialism
Employers pay less to all members of a certain group because members of that group are, on average, less productive
Statistical Discrimination
New businesses or innovations that arise in the market and replace older technology
Creative Destruction
In the top ten highest paying jobs, what percentage are women?
35% (30-40%)
Who performed the experiment where employers were given matched pairs of fake resumes to see if they cared whether applicants had a criminal record?
Devah Pager
Effort to exclude members of other groups from desirable jobs
Social Closure
Extra money that college graduates make
College Premium
What percentage of the country's wealth is estimated to be owned by the top 1%
35-43%
Which is a well known advocate for the belief that markets do not treat everyone equally?
Karl Marx