Economic Stratification
Define Socioeconomic Status
An individual's place within social stratification
True or False: Does the functionalist perspective view inequality solely as a problem?
False, this perspective does not necessarily see inequality as a problem
What term does Conflict Theory use to describe the wealthy
Bourgeoisie
Examines inequality at a micro-level of everyday life
Define Globalization
The process of integrating governments, cultures, and financial markets (societies) through international trade into a single world market
What term describes the typical behaviors, customs, and norms that define each class?
Class traits
What is an example of the Davis-Moore Thesis?
What theorist's work most strongly shaped the ideas of this theory
Karl Marx
Define career inheritance
Tendency of children to enter the same or similar occupations as their parents
Name a benefit of globalization
Accelerated development, international awareness/empowerment, potential for increased wealth, etc...
Name an example of a CLOSED system of stratification
Are there occupations that do not fit the Davis Moore thesis? Name an example.
Teacher, Firefighters, etc...
Name an example of an occupation that is socially necessary yet undervalued economically
Teachers, etc...
Define career socialization
The process of learning the norms/values/skills of a particular occupation
Name a drawback of globalization
Growing influence of a few powerful companies, negative environmental impact, negative local economical impact, unsafe labor conditions, unemployment, etc...
What term describes the ability of individuals to change positions within a social stratification system?
Social Mobility (bonus points if you can name the two types)
What, in your opinion, is the economic role of a college student?
Learner, future worker, purchaser of textbooks/food, etc...
Name an example of a dominant group that receives disproportionate economical rewards at the expense of the others
CEOs, billionaires, etc...
What term refers to how individuals may purchase and use products to make a social statement about their status/beliefs?
Conspicuous consumption
What is global inequality, and what conflict theory term does it relate to?
Concentration of resources within certain nations and among certain peoples. It is similar to weath concentration
Name the system of stratification of the US, as well as the 3 levels of social class.
(Open) Class system, upper/middle/lower class
What is a major critique of the functionalist perspective on inequality?
This perspective disregards how inequality can prevent individuals from accessing materials to fill an occupation they need/desire.
As of 2010, what percentage of Americans owned 90% of US wealth?
20%
How does the Symbolic Interactionist perspective explain how social stratification shapes everyday relationships and social networks?
People tend to interact with others who occupy similar social positions, thus potentially narrowing social networks to be mosty comprised of individuals within the same level of stratification.
What term describes a consequence of poverty/inequality where poverty becomes difficult to reverse once entrenched in an area
Sedimentation of global inequality