Social stratification

Size: px
Start display at page:

Download "Social stratification"

Transcription

1 Social stratification Chapter 8 looks at social stratification. The 2 basic types of stratification systems are the caste system and the class system. We ll look at several theories of stratification, and we ll finish the chapter by analyzing social class, poverty, and social mobility in the U.S.

2 Dimensions of stratification I. Social stratification and social class A. Social stratification 1. The ranking of individuals or groups of people on the basis of unequal access to scarce resources. 2. The most important resources income, wealth, power, and prestige B. How is social stratification related to social class? 1. Social class a. Segments of society whose members hold similar amounts of resources and share norms, values, and an identifiable lifestyle b. The number of social classes in a society varies: i. Technologically developed countries usually have three classes ii. upper, middle, and lower subdivided into smaller categories Developing countries may have only 2 an upper class and lower class

3 c. Karl Marx and Max Weber made the most significant early contributions to the study of social stratification. i.karl Marx ii. Defined social class in terms of who owns the means of production (tools, buildings, and materials needed to produce goods and services) iii. According to Marx capitalist societies would ultimately be reduced to 2 social classes those who own the means of production and those who own only labor iv. In a capitalist society (ours) the owners of the means of production are the Bourgeoisie, while the workers who sell their labor in exchange for wages are called the Proletariat v. Marx predicted that because the capitalists owned the means of production, they would both rule and exploit the working class which would have nothing to sell but its labor vi. Marx believed that control of the economy gave the capitalists control over the legal, educational, and governmental systems as well. For Marx, the economy determined the nature of society vii. Max Weber viii. He widened the definition of social class as a grouping of people with similar levels of wealth (economic class), power (political power), and prestige (life-style) their ix. Key pt = the economic factor plays the most significant role in determining one s place in the stratification system but prestige and power also affect one s standing

4 II. Dimensions of social stratification A. The three most common rewards on which social stratification is determined are wealth, power, and prestige 1. Wealth a. All assets (the value of everything a person owns) and income (money earned through salaries and wages.) b. In the U.S. wealth is concentrated in the hands of a minority of the population the richest 20% of the population holds 90% of the wealth. The top 1% has 39% of the total wealth of the U.S. c. Income is another area of concern in 1999 the richest 20% of America s families received over 53% of the nation s income. The poorest 20% controlled under 4% i. Sociologist Paul Blumberg estimates that top corporate executives make times as much money as the lowest paid production workers

5 2. Power a. The ability to control the behavior of others, with or without their consent b. May be based on wealth, but also can be based on force, the possession of a special skill or knowledge, a particular social status, personal characteristics, or custom and tradition. 3. Prestige a. The respect, honor, recognition, or courtesy a person receives from other members of society b. Prestige may be based on income, occupation, education, family background, area of residence, possessions, club membership, etc. c. Prestige must be voluntarily given, not claimed the recognition must come from others d. In the U.S. occupation tends to be the most important determinant of prestige.

6 Explanations of stratification I. Functionalist theory of stratification A. Views stratification as a necessary feature of the social structure certain roles in society must be performed if the system is to be maintained B. Society makes sure these roles are fulfilled by giving higher rewards (money and prestige) for their performance. The more important the role, the higher the reward. C. Functionalists say that without different rewards many jobs wouldn t be filled and society wouldn t run smoothly. Ex = why would someone take the time and expense to become a doctor if the reward for being a trash collector was the same.

7 II. Conflict theory of stratification A. Sees competition over scarce resources as the cause of social inequality B. Says stratification comes from class exploitation some people are willing to exploit others. 1. Owners of the means of production control the working class in order to maintain their power in society. 2. Those who own the means of production are able to spread their ideas, beliefs, and values through the schools, the media, the churches, and the gov t 3. Marx used the term false consciousness adoption of the ideas of the dominant class by the less powerful class.

8 III. Symbolic interactionalism and stratification A. Proposes that a person is socialized to accept that social class is the result of talent and effort. B. People are taught to believe that those on top have worked hard and used their abilities, but those on the bottom lack the talent and motivation to succeed. C. Those profiting most from the stratification structure tend to have higher self esteem, while people in the lower social classes tend to suffer from lower self esteem. D. Key pt = those in the lower social classes come to accept the existing system, that it s not fair to challenge the system. So people s self-concepts help preserve the status quo

9 Social classes in the U.S. I. Class consciousness A. A sense of identification with the goals and interests of the members of a particular social class. B. It wasn t until the 1920 s that sociologists in the U.S. began systematically to identify social classes

10 II. Social class in the U.S. A. The upper class 1. Only 1% of the people fall into this class 2. A big part of the nation s wealth is in the hands of the upper class 3. The upper class can be divided into 2 groups: a. Upper-upper class i. People of the old money of society the aristocracy = Ford, Rockefeller, Walton, etc. These families have been wealthy for generations ii. Most of their wealth comes from inheritance iii. Members of this class are born into wealth and power, attend the most prestigious schools, know the most influential people, and are seen in the most exclusive places b. Lower-Upper class i. The new money of society ii. Members have acquired wealth through their own efforts rather than through inheritance and birth iii. New money isn t as prestigious as old money because it s not backed by a long family heritage. iv. The upper=upper class tends to look down on the lower-upper class. v. key pt = upper class membership carries with it great power and influence. Top positions in gov t and private business often are filled by people from these two groups

11 B. The Middle class 1. The Upper-Middle class a. 14% of the people fall into this category b. Members are usually those who have been successful in business, their professions, politics, and the military and their extended families c. Most have college educations, many with advanced degrees. Their money buys lots of goodies house, car, vacation, etc. d. Membership is based on income rather than assets so those in this class tend to be career oriented and have higher educational and career goals for their children. e. They also tend to be politically and socially active, but their power and influence is at the local level rather than on the national or international level

12 2. The Middle-Middle class a. 30% of the people fall into this class b. Members hold what are called white-collar jobs = jobs that require manual labor, but their jobs tend to require less education and provide a lower income than those in the Upper-Middle class. c. Jobs in the area of nursing, small town doctors and lawyers, teachers, middle management, sales, and owners of small businesses and farms d. Members live a comfortable life but most work hard to keep what they have achieved. They tend to hold traditional values and to be politically conservative

13 C. The Working Class (aka lower-middle class) 1. 30% of the people fall into this class 2. Many hold what are called blue collar jobs = jobs that require manual labor, such as factory workers, roofers, truck drivers, machine operators, service personnel, etc. 3. Some of these jobs may pay as much or more than jobs in the middle-middle class, but don t carry as much prestige 4. Some hold what are called pink-collar jobs = jobs usually held by women, such as clerical, low level sales, and various service jobs that don t require manual labor 5. Members usually have below average income and unstable employment. They generally lack hospital insurance and retirement benefits 6. Members have few financial reserves and unexpected crises medical problems or loss of job can be devastating

14 D. The Working Poor 1. 13% of the people fall into this class 2. Members are employed in low-skilled jobs with the lowest pay = lowest level clerical workers, manual laborers, and service workers (fast food) 3. Members lack steady employment and usually don t earn enough to rise above the poverty line ($17, in 2000) 4. Members tend not to belong to organizations or to participate in the political process

15 E. The Underclass 1. 12% of the people fall into this class 2. Members are in the lowest paying jobs, the unemployed, some of the elderly, the homeless, the unskilled, those on public assistance, and some who come from families with a history of unemployment for decades 3. In addition to a lack of education and skills, many members have other problems physical or mental disabilities are common and many are single mothers with little to no income 4. There are many routes into this class birth, old age, loss of a marriage partner, lack of education or training, alcoholism & drug use, physical or mental disabilities, but there are few paths out. 5. Because of a lack of education and opportunity, their future is very bleak they survive from day to day

16 Poverty in America I. Measuring poverty A. Absolute Poverty the lack of enough money to secure life s necessities = food, clothes, safe place to live, etc. B. Relative Poverty poverty based on the economic disparity between those at the bottom of a society and the rest of the society C. How is poverty measured in the U.S? 1. The U.S. gov t measures poverty by setting an annual income level and considering people poor if their income is below that level (In $17, for a family of four) 2. Poverty is widespread throughout the U.S U.S. Census Bureau says 11.8% of the U.S. population is poor = 32.2 million people

17 II. Identifying the poor A. Some segments of society are more likely than others to be poor. Some of the characteristics that affect poverty are race, gender, and age. 1. Race and Ethnicity a. African Americans and Latinos together account for only ¼ of the population, but nearly ½ of the poor population 2. Gender and age a. Households headed by females are poorer than those headed by males b. The poverty rate for kids under 6 years of age is 22% - the highest rate for any age group in the U.S.

18 c. Feminization of poverty i. A trend in U.S. society in which women and children make up an increasing proportion of the poor. ii. Reasons why women have a higher risk of being poor: iia. Women earn only 72 cents for every dollar earned by men iib. Women with children find it hard to find and keep regular, long-term jobs iic. A lack of good and affordable child care facilities makes it more difficult for women to continue working d. Older Americans about 9% of people aged 65 or older live in poverty e. People with disabilities those who are deaf, blind, or otherwise disabled make up about 12% of America s poor f. More than 1 out of every 4 poor persons lives either alone or with relatives

19 III. Responses to the problem of poverty A. Since the 1960 s, when President Johnson instituted the War on Poverty, the U.S. Gov t has taken an active role in trying to reduce social inequality in America. The goal has been to help poor people help themselves. B. Fixing the way social welfare should be provided and payments should be distributed has been the focus of many hot political debates

20 IV. Welfare reform A. Government limits the amount of time those able to work can receive welfare payments 3 major parts 1. It reduces welfare spending 2. It increases state and local power to oversee welfare rules 3. It adds new restrictions to welfare eligibility. Ex = benefits to children of unwed teenage mothers are denied unless the mothers remain in school and live with an adult. Ex = Cash aid to able-bodied adults will be terminated if they fail to get a job after two years

21 B. Has welfare reform really worked? 1. It s too early to really say, but the welfare rolls have decreased and over ½ of those leaving the welfare rolls report finding jobs 2. Major concern: a. Those who left the rolls since 1996 hold entry level jobs earning less than $7 an hour b. They are at the bottom of the economy with little hope of advancing c. ¼ work at night and over ½ report child care problems d. Most have jobs without health insurance and many report a food shortage and difficulty paying rent e. key pt = most of those leaving welfare still live in poverty

22 Social mobility I. Types of Social Mobility A. Social Mobility movement between or within a social class 1. Horizontal Mobility a. A change in occupation within the same social class. Ex = a person moves from one job to another of equal social ranking restaurant server to taxi driver b. Because horizontal mobility involves no real change in occupational status or social class, sociologists are not really interested in investigating it 2. Vertical Mobility a. A social change upward or downward in occupational status or social class. Ex = the money and social rewards (a promotion) from a secretary to a management position may move you from the working class to the middle class 3. Intergenerational Mobility a. A change in status or class from 1 generation to the next. Ex = plumber s daughter becomes a doctor upward intergenerational mobility. Ex = lawyer s son becomes a carpenter downward intergenerational mobility

23 II. Caste and Open-class systems A. Caste system 1. There is no social mobility because social status is inherited and can t be changed 2. A newborn child is born into a certain caste determined by status of his/her parents. Effort and talent may affect a person s position within a caste, but you can t help a person move to a higher status. (Basically, you are born into a certain caste and can t move into another caste except in rare instances) 3. The system forbids the practice of Exogamy marriage outside of one s own social category. Endogamy marriage within one s own social category

24 4. The caste system in India is one based on occupation and the Hindu religion. There are 4 primary caste categories, ranked according to their degree of religious purity. a. Brahmin the top caste = made up of priests and scholars b. Kshatriyas made up of professional, governing, and military occupations c. Vaisyas made up of merchants and businessmen d. Sudra made up of farmers, menial workers, and craftsman e. Below the 4 basic castes are the outcastes or Untouchables thought to be so impure that any physical contact contaminates the religious purity of all other casts members. Untouchables are given the dirty, degrading jobs such as collecting trash and handling dead bodies. f. The caste system was outlawed in 1950, but is still practiced unofficially in India today

25 B. Open Class System 1. A system in which social class is based on merit and individual effort movement is allowed between classes. 2. People may move up or down the social class ladder according to talent, effort, and opportunity 3. In reality, because of race or ethnicity, some members of minority groups, such as African Americans, Native Americans, and Latinos, have been denied opportunities for social mobility. So the U.S. can t be considered truly and completely open, but it is a relatively open-class system.

26 III. Upward and downward mobility A. Most Americans believe that people will rise or fall to various levels based on their abilities and efforts. B. Research shows that a majority of Americans do achieve a higher occupational status than their parents but still remain within the same social class. Those who do experience vertical mobility rarely move more than one social class above or below their class of origin. C. Concerns about upward mobility changes in the economy: 1. A change in consumer tastes, breakthroughs in new technology, and the globalization of business can alter the demand for new workers. 2. Workers may find themselves out of a job with skills that are no longer marketable and may not be able to find a job where they make the same income. 3. Key pt = downwardly mobile people experience lowered self esteem, despair, depression, feelings of powerlessness, and a loss of a sense of humor.

Explanations of Stratification

Explanations of Stratification Explanations of Stratification Oct. 25, 2006 http://www.iastate.edu/~soc.134 2006 David Schweingruber Basic stratification terms Stratification: ranking system for groups of people that perpetuates unequal

More information

Lecture Guide. Marketing: Essentials 6e

Lecture Guide. Marketing: Essentials 6e Lecture Guide for Cloe - Lascu Marketing: Essentials 6e 489 Slides Written by the textbook authors Use as flash cards for terminology & concept review Use for notes during instructor lectures Affordable:

More information

What Is a Labor Union? Less than 14% of U.S. workers belong to a labor union.

What Is a Labor Union? Less than 14% of U.S. workers belong to a labor union. LABOR What Is a Labor Union? A labor union is an organization of workers that tries to improve working conditions, wages, and benefits for its members. Less than 14% of U.S. workers belong to a labor union.

More information

Wages Reflect the Value of What Workers Produce

Wages Reflect the Value of What Workers Produce What Determines How Much Workers Earn? (EA) When Catherine Winters received a job offer in 2006, the company that wanted to hire her suggested a salary that she was free to accept or reject. How did the

More information

Minimum Wage Survey Responses Feb. 25, 2014

Minimum Wage Survey Responses Feb. 25, 2014 Minimum Wage Survey Responses Feb. 25, 2014 I don t believe that the minimum wage should be increased at this time. I feel that the Chamber should support the effort to increase the minimum wage. We employ

More information

Chapter 9. Section 2: Labor & Wages

Chapter 9. Section 2: Labor & Wages Chapter 9 Section 2: Labor & Wages Labor is a commodity that is bought & sold Wages are high in professions where supply is low & demand is high Price of labor depends on conditions in the labor market

More information

Labor Market Trends. Chapter 9 Section Main Menu

Labor Market Trends. Chapter 9 Section Main Menu Labor Market Trends How do economists define the labor force? What occupational trends exist in the U.S. economy? What is temporary employment? What are the current trends in wages and benefits? The United

More information

* * Managing Within The Dynamic Business Environment: Taking Risks and Making Profits * * Nickels McHugh McHugh CHAPTER

* * Managing Within The Dynamic Business Environment: Taking Risks and Making Profits * * Nickels McHugh McHugh CHAPTER McGraw-Hill/Irwin Understanding Business, 8e Nickels McHugh McHugh Managing Within The Dynamic Business Environment: Taking Risks and Making Profits 1-1 1 1-1 2008 The McGraw-Hill Companies, Inc., All

More information

Chapter 9: Labor Section 1

Chapter 9: Labor Section 1 Chapter 9: Labor Section 1 Key Terms labor force: all nonmilitary people who are employed or unemployed outsourcing: the practice of contracting with another company to do a specific job that would otherwise

More information

Discuss the characteristics of a private enterprise system. Describe the economic freedoms that exist in a private enterprise system.

Discuss the characteristics of a private enterprise system. Describe the economic freedoms that exist in a private enterprise system. Every society develops a system for making decisions about how it will use its resources to meet the needs and wants of its people. Each of these economic systems must answer these three basic questions:

More information

U.S. Private and Public Sectors

U.S. Private and Public Sectors CHAPTER 3 U.S. Private and Public Sectors 3.1 The U.S. Private Sector 3.2 Regulating the Private Sector 3.3 Public Goods and Externalities 3.4 Providing a Safety Net 1 CONTEMPORARY ECONOMICS: LESSON 3.1

More information

INTERVIEWING APPLICANTS FOR EMPLOYMENT

INTERVIEWING APPLICANTS FOR EMPLOYMENT INTERVIEWING APPLICANTS FOR EMPLOYMENT If you have responsibility for conducting employment interviews, you must ensure that all interviews are conducted in a lawful manner. It is critical to conduct lawful

More information

Working with Communities: Sociological Perspectives (SCQF level 6)

Working with Communities: Sociological Perspectives (SCQF level 6) National Unit specification: general information Unit code: H1MG 12 Superclass: EE Publication date: June 2012 Source: Scottish Qualifications Authority Version: 01 Summary This Unit is designed to introduce

More information

FUNCTIONALIST THEORY CONFLICT THEORY MULTIDIMENSIONAL THEORY

FUNCTIONALIST THEORY CONFLICT THEORY MULTIDIMENSIONAL THEORY FUNCTIONALIST THEORY CONFLICT THEORY MULTIDIMENSIONAL THEORY Functionalists regards stratification as a necessary structure in all societies because it fulfils fundamental needs vital to the functioning

More information

Part 5 Job Satisfaction. Chapter 20 Diversity and Rights in the Workplace

Part 5 Job Satisfaction. Chapter 20 Diversity and Rights in the Workplace Part 5 Job Satisfaction Chapter 20 Diversity and Rights in the Workplace Diversity Trends in the United States Factors that cause population differences include: Cultural heritage. Language. Religion.

More information

In post war Britain the opportunities for social mobility have improved for an number of reasons...

In post war Britain the opportunities for social mobility have improved for an number of reasons... 1 Socmob/17/3/97/P.Covington/ Introduction I will now look at social mobility in capitalist societies. It is generally agreed that the rate of social mobility - the amount of movement from one stratum

More information

Business and Personal Finance Unit 1 Chapter Glencoe/McGraw-Hill

Business and Personal Finance Unit 1 Chapter Glencoe/McGraw-Hill 0 Chapter 2 Finances and Career Planning What You ll Learn Section 2.1 Identify the personal issues to consider when choosing and planning your career. Explain how education and training affect career

More information

Personal Finance Unit 1 Chapter Glencoe/McGraw-Hill

Personal Finance Unit 1 Chapter Glencoe/McGraw-Hill 0 Chapter 2 Finances and Career Planning What You ll Learn Section 2.1 Identify the personal issues to consider when choosing and planning your career. Explain how education and training affect career

More information

Multiple Choice Identify the letter of the choice that best completes the statement or answers the question.

Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. Final day one Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. 1. What is a factory building an example of? a. human capital c. an economic trade-off

More information

Social Mobility: T p y e p s e s a n a d n d F a F c a t c or o s

Social Mobility: T p y e p s e s a n a d n d F a F c a t c or o s Social Mobility: Types and Factors Types of Social Mobility Change of a social position of an individual or group of individuals takes different forms and shapes. At one period of time,therecanbeonetypeofmobilityandatanotherperiod

More information

Identifying Various Forms of Income and Analyzing Factors That Affect Income

Identifying Various Forms of Income and Analyzing Factors That Affect Income Option 3 Teacher Information Careers Page 1 Identifying Various Forms of Income and Analyzing Factors That Affect Income What is your source of income? Most young people will get money in one of the following

More information

Investing in Yourself

Investing in Yourself Unit 3 Earning Income Lesson 3A: Investing in Yourself Rule 3: Invest in Yourself. The most important investment you will make in your life has nothing to do with buying a house, a share of stock, or even

More information

MARKETING TOOLS Buyer Behavior and Market Analysis. Consumer Psychographics

MARKETING TOOLS Buyer Behavior and Market Analysis. Consumer Psychographics MARKETING TOOLS Buyer Behavior and Market Analysis Consumer Psychographics Psychographic Basics Psychographics: How consumer psychological make-up and personality affect lifestyle. Lifestyle: A I O Determinants

More information

Benefits of Free Enterprise

Benefits of Free Enterprise Benefits of Free Enterprise Objective: What are the basic principles of the U.S. free enterprise system? What role does the consumer play in the system of free enterprise? What is the role of the government

More information

Subject Should NOT Ask May Ask

Subject Should NOT Ask May Ask Federal laws under Title VII of the Civil Rights Act of 1964 and later amendments prohibit discrimination against a job applicant or employee based on a variety of characteristics, including race, color,

More information

AACC/ACT FACES OF THE FUTURE SURVEY (FFS) SUMMARY REPORT 05/23/11 PAGE ii TABLE OF CONTENTS SECTION I: GENERAL BACKGROUND

AACC/ACT FACES OF THE FUTURE SURVEY (FFS) SUMMARY REPORT 05/23/11 PAGE ii TABLE OF CONTENTS SECTION I: GENERAL BACKGROUND AACC/ACT FACES OF THE FUTURE SURVEY (FFS) SUMMARY REPORT 05/23/11 PAGE i GENERAL INFORMATION ABOUT THIS SUMMARY REPORT IN ADDITION TO THE INTRODUCTORY PAGES, THIS REPORT BELOW ARE EXPLANATIONS AND INFORMATION

More information

OCR Economics A-level

OCR Economics A-level OCR Economics A-level Microeconomics Topic 4: Labour Market 4.2 Labour market issues and themes Notes The labour force and the working population The working age population is between the ages of 18 and

More information

Economic Resources. Chapter 19, Section 1. For use with textbook pages

Economic Resources. Chapter 19, Section 1. For use with textbook pages Chapter 19, Section 1 For use with textbook pages 424 427 Economic Resources KEY TERMS goods tangible products that satisfy needs and wants (page 424) services work that is performed for someone else (page

More information

AACC/ACT FACES OF THE FUTURE SURVEY (FFS) SUMMARY REPORT 12/03/07 PAGE ii TABLE OF CONTENTS SECTION I: GENERAL BACKGROUND

AACC/ACT FACES OF THE FUTURE SURVEY (FFS) SUMMARY REPORT 12/03/07 PAGE ii TABLE OF CONTENTS SECTION I: GENERAL BACKGROUND AACC/ACT FACES OF THE FUTURE SURVEY (FFS) SUMMARY REPORT 12/03/07 PAGE i GENERAL INFORMATION ABOUT THIS SUMMARY REPORT IN ADDITION TO THE INTRODUCTORY PAGES, THIS REPORT BELOW ARE EXPLANATIONS AND INFORMATION

More information

SUBMISSION FROM SCOTTISH WOMEN S CONVENTION

SUBMISSION FROM SCOTTISH WOMEN S CONVENTION SUBMISSION FROM SCOTTISH WOMEN S CONVENTION Introduction The Scottish Women's Convention (SWC) is funded to engage with women throughout Scotland in order that their views might influence public policy.

More information

WOMEN'S ACCESS TO QUALITY JOBS IN MISSISSIPPI

WOMEN'S ACCESS TO QUALITY JOBS IN MISSISSIPPI WOMEN'S ACCESS TO QUALITY JOBS IN MISSISSIPPI A COLLABORATION BETWEEN THE INSTITUTE FOR WOMEN S POLICY RESEARCH AND THE WOMEN S FOUNDATION OF MISSISSIPPI F E B R U A R Y 2 0 1 8 W W W. W O M E N S F O

More information

The first step to defining clarity for your family business

The first step to defining clarity for your family business t h e f a m i l y b u s i n e s s q u e s t i o n n a i r e The first step to defining clarity for your family business M ost planning begins and ends with the numbers. The Legacy Business Optimization

More information

Chapter 8 The Labor Market: Employment, Unemployment, and Wages

Chapter 8 The Labor Market: Employment, Unemployment, and Wages Chapter 8 The Labor Market: Employment, Unemployment, and Wages Multiple Choice Questions Choose the one alternative that best completes the statement or answers the question. 1. If the price of a factor

More information

CHAPTER 7. Women and Work

CHAPTER 7. Women and Work CHAPTER 7 Women and Work Background Factors Related to Women s Employment Terminology Working Women Employed Women Nonemployed Women General Information About Employed Women Education Children Ethnicity

More information

Business. Management 113. Complete

Business. Management 113. Complete Business Management 113 Complete 1 CHAPTER 1:Business Environment BUSINESS: A DEFINITION BUSINESS: The organised effort of individuals to produce and sell, for a profit, the goods and services that satisfy

More information

The Rise of. Big Ballin

The Rise of. Big Ballin The Rise of American Industry Today's Big Ballers Big Ballin The Importance of Draw Railroads and label the Complimentary growth Railroads Effects of the Draw another example Railway System of a primary

More information

I M A PROFESSIONAL. WHAT CAN A UNION DO FOR ME?

I M A PROFESSIONAL. WHAT CAN A UNION DO FOR ME? I M A PROFESSIONAL. WHAT CAN A UNION DO FOR ME? Joining with your colleagues in a union at your workplace offers many benefits. On the job, your union brings together the collective strength of you and

More information

Market segmentation. A Guest Article by Brian Ballard January

Market segmentation. A Guest Article by Brian Ballard January A Guest Article by Brian Ballard January 2010 Finding your niche is the element of your marketing planning that will help you to determine who your customers are, their geographic location, how and why

More information

Chapter 3: American Free Enterprise

Chapter 3: American Free Enterprise Chapter 3: American Free Enterprise Essential Question: What role should play in a economy? Section 1: Benefits of Free Enterprise What is free enterprise? An in which are made in a free market by and.

More information

SUMMARY OF THE MODELS OF UNIT 4

SUMMARY OF THE MODELS OF UNIT 4 SUMMARY OF THE MODELS OF UNIT 4 Chapter 13: Eight Labor Market Models 1. Competitive labor market in a competitive product market 2. Competitive labor market in an imperfectly competitive product market

More information

COMMON ILLEGAL INTERVIEW QUESTIONS. & Ways to Avoid Them. Hireology Common Illegal Interview Questions & Ways to Avoid Them

COMMON ILLEGAL INTERVIEW QUESTIONS. & Ways to Avoid Them. Hireology Common Illegal Interview Questions & Ways to Avoid Them COMMON ILLEGAL INTERVIEW QUESTIONS & Ways to Avoid Them ASKING THE WRONG QUESTIONS CAN NOT ONLY GET THE HIRING MANAGER INTO TROUBLE, BUT HIS OR HER ENTIRE COMPANY AS WELL. According to employment law,

More information

Graph G-MIC9.1. Graph G-MIC9.2

Graph G-MIC9.1. Graph G-MIC9.2 CHAPTER 9: WAGES INTRODUCTION The purpose of this lesson is to establish how wages are reached in markets which are in perfect competition as well as in markets where a monopsony is present. Union strategies

More information

What is Demand for Labor? Demand is the different quantities of workers that businesses are willing and able to hire at different wages.

What is Demand for Labor? Demand is the different quantities of workers that businesses are willing and able to hire at different wages. What is Demand for Labor? Demand is the different quantities of workers that businesses are willing and able to hire at different wages. What is the Law of Demand for Labor? There is an INVERSE relationship

More information

Exploring the World of Business and Economics

Exploring the World of Business and Economics Chapter 1 Exploring the World of Business and Economics 1 Discuss what you must do to be successful in the world of business. 2 Define business and identify potential risks and rewards. 3 Define economics

More information

SYSTEMS, AGENCIES, AND PROGRAMS

SYSTEMS, AGENCIES, AND PROGRAMS Benchmarks of Success for Maryland s Workforce System Glossary of s The Glossary of s was produced by the Benchmarks of Success Data and Dashboard Committee The Glossary provides shared foundational definitions

More information

Places. the. she'll go. Bauer College s Response to National Call to Support Women in Business. Cover Story

Places. the. she'll go. Bauer College s Response to National Call to Support Women in Business. Cover Story 40 Inside Bauer Volume 3, Issue 1 Cover Story the Places she'll go Bauer College s Response to National Call to Support Women in Business Story by Jessica Navarro, Photos by Nicki Evans University of Houston

More information

UNIVERSITY OF ILLINOIS GUIDELINES FOR PREEMPLOYMENT INQUIRIES

UNIVERSITY OF ILLINOIS GUIDELINES FOR PREEMPLOYMENT INQUIRIES Exhibit E UNIVERSITY OF ILLINOIS GUIDELINES FOR PREEMPLOYMENT INQUIRIES There are numerous laws and executive orders requiring equal opportunity and affirmative action. Under these laws employers are required

More information

CONSUMER BEHAVIOR

CONSUMER BEHAVIOR CONSUMER BEHAVIOR 2017-2018 Richard K. Miller & Associates 12 th Edition September 2016 eisbn: 9781577832430 558 pages PART I: THE AMERICAN CONSUMER 1 DEMOGRAPHIC OVERVIEW 1.1 Population Distribution 1.2

More information

[CAREERS ACTIVITY GUIDE] A series of activities and exercises designed to help students explore the Oregon Careers 2018 publication.

[CAREERS ACTIVITY GUIDE] A series of activities and exercises designed to help students explore the Oregon Careers 2018 publication. 2018 Oregon Employment Department Jason Payton 503-947-1233 Jason.M.Payton@oregon.gov [CAREERS ACTIVITY GUIDE] A series of activities and exercises designed to help students explore the Oregon Careers

More information

Taking Risks and Making Profits within the Dynamic Business Environment

Taking Risks and Making Profits within the Dynamic Business Environment Chapter One Taking Risks and Making Profits within the Dynamic Business Environment McGraw-Hill/Irwin Copyright 2010 by the McGraw-Hill Companies, Inc. All rights reserved. NICK GRAHAM Main Street Market

More information

ECONOMIC AND FINANCIAL LITERACY LEARNING FRAMEWORK TO SUPPORT THOSE DEVELOPING CURRICULUM RE FINANCIAL CAPABILITY AND RESPONSIBILITY

ECONOMIC AND FINANCIAL LITERACY LEARNING FRAMEWORK TO SUPPORT THOSE DEVELOPING CURRICULUM RE FINANCIAL CAPABILITY AND RESPONSIBILITY ECONOMIC AND FINANCIAL LITERACY LEARNING FRAMEWORK TO SUPPORT THOSE DEVELOPING CURRICULUM RE FINANCIAL CAPABILITY AND RESPONSIBILITY Developed by: Gary Rabbior, President, Canadian Foundation for Economic

More information

Unit 4: The Factor Market

Unit 4: The Factor Market Unit 4: The Factor Market (aka: The Resource Market or Input Market) - Factor Wages - Perfect Competition vs. Monopsonies - Optional Combination of Factors - Income Inequality - Taxation 7 Market in which

More information

LABOR. 3. K and W offer little discussion of labor supply age, race, education, sex, and in particular, changing role of women in the labor force,

LABOR. 3. K and W offer little discussion of labor supply age, race, education, sex, and in particular, changing role of women in the labor force, LABOR Krugman and Wells devoted mostly to labor as a commodity; i.e., the dullest part of what we have to say about labor issues; unlike all other commodities, labor has a personality, and a heartbeat.

More information

The U.S. and Global Economies

The U.S. and Global Economies The U.S. and Global Economies Chapter 2 ANSWERS TO CHAPTER CHECKPOINT Study Plan Problems and Applications 1. Explain which of the following items are not consumption goods and services: A chocolate bar

More information

TARGET MARKET. A. Demographic Segmentation: i. Age: By Ceren Yetener& Damla Üstünes

TARGET MARKET. A. Demographic Segmentation: i. Age: By Ceren Yetener& Damla Üstünes TARGET MARKET By Ceren Yetener& Damla Üstünes In order to determine the target market of Drops, firstly by using Demographic Segmentation, Cultural Segmentation, Personal Segmentation, and Psychological

More information

Economics Guided Reading Chapter Two Economic Systems Section 1 Answering the Three Economic Questions

Economics Guided Reading Chapter Two Economic Systems Section 1 Answering the Three Economic Questions Name: Date: Block # Economics Guided Reading Chapter Two Economic Systems Section 1 Answering the Three Economic Questions Directions Following the page and heading prompts to read your Economics textbook

More information

Capitalism: Meaning, Features, Merits and De-Merits

Capitalism: Meaning, Features, Merits and De-Merits Capitalism: Meaning, Features, Merits and De-Merits Meaning of Capitalism: Definition: Under capitalism, all farms, factories and other means of production are the property of private individuals and firms.

More information

THE LABOUR FORCE CHAPTER 22

THE LABOUR FORCE CHAPTER 22 THE LABOUR FORCE CHAPTER 22 OBJECTIVE To look at issues related to employment, unemployment and the rights of workers To examine the causes of unemployment and under-employment To examine the role of trade

More information

8/19/2011. Taking Risks and Making Profits within the Dynamic Business Environment. NICK GRAHAM Main Street Market. GOODS and SERVICES

8/19/2011. Taking Risks and Making Profits within the Dynamic Business Environment. NICK GRAHAM Main Street Market. GOODS and SERVICES Chapter One Taking Risks and Making Profits within the Dynamic Business McGraw-Hill/Irwin Copyright 2012 by The McGraw-Hill Companies, Inc. All rights reserved. NICK GRAHAM Main Street Market A 17-year-old

More information

The Foundations of Economics. Chapter 1

The Foundations of Economics. Chapter 1 The Foundations of Economics Chapter 1 A Social Science Study of people in society and how they interact with each other Earth= Finite have limited resources use resources to produce goods and services

More information

ECON 1000 Contemporary Economic Issues (Spring 2019) How a Market System Functions

ECON 1000 Contemporary Economic Issues (Spring 2019) How a Market System Functions ECON 1000 Contemporary Economic Issues (Spring 2019) How a Market System Functions Relevant Readings from the Required Textbooks: Chapter 4, Organizing Principles of Capitalist Systems Coda, I, Pencil

More information

Industrial Revolution

Industrial Revolution Industrial Revolution Round 1: Agrarian Production You are a skilled craftsman making a living to support your family in Europe. On your own, create a textile product of your choosing, from start to finish.

More information

STANDARD 1 OBJECTIVE 1 Students will understand the concept of market & market identification

STANDARD 1 OBJECTIVE 1 Students will understand the concept of market & market identification STANDARD 1 OBJECTIVE 1 Students will understand the concept of market & market identification Marketing is Developing, promoting, pricing, selling, and distributing products. New Vocabulary Market: People

More information

FACTS ABOUT COMPENSATION DISCRIMINATION

FACTS ABOUT COMPENSATION DISCRIMINATION The U. S. Equal Employment Opportunity Commission The EEOC is responsible for eliminating discrimination at the workplace. The nation s federal employment discrimination laws ensure that anyone working

More information

Homework 1: Who s Your Daddy? Is He Rich Like Me?

Homework 1: Who s Your Daddy? Is He Rich Like Me? Homework 1: Who s Your Daddy? Is He Rich Like Me? 36-402, Spring 2015 Due at 11:59 pm on Tuesday, 20 January 2015 GENERAL INSTRUCTIONS: You may submit either (1) a single PDF, containing all your written

More information

MARKETS FOR LABOR Microeconomics in Context (Goodwin, et al.), 3 rd Edition

MARKETS FOR LABOR Microeconomics in Context (Goodwin, et al.), 3 rd Edition Chapter 9 MARKETS FOR LABOR Microeconomics in Context (Goodwin, et al.), 3 rd Edition Chapter Overview This chapter deals with supply and demand for labor. You will learn about why the supply curve for

More information

Apprenticeship Application Form for Piledrivers & Divers Local 2520

Apprenticeship Application Form for Piledrivers & Divers Local 2520 Alaska Carpenters Training Trust 8751 King Street Anchorage, Alaska 99515 Telephone (907) 344-1541 Fax (907) 349-5823 Frank Mucci director@ubctrainingak.net Apprenticeship Application Form for Piledrivers

More information

Consumption Patterns in the United States: The Impact of Living Well How do American consumption patterns affect people and the planet?

Consumption Patterns in the United States: The Impact of Living Well How do American consumption patterns affect people and the planet? Consumption Patterns in the United States: The Impact of Living Well How do American consumption patterns affect people and the planet? Section 1 - Introduction Americans are eager consumers. They buy

More information

FINDING THE RIGHT CULTURE FOR A REWARDING CAREER. A Guide for Registry and Data Quality Professionals

FINDING THE RIGHT CULTURE FOR A REWARDING CAREER. A Guide for Registry and Data Quality Professionals FINDING THE RIGHT CULTURE FOR A REWARDING CAREER A Guide for Registry and Data Quality Professionals Healthcare and the Burnout Factor You may have entered the healthcare profession because it is a growing

More information

Year 11 Economics Revision Questions

Year 11 Economics Revision Questions Year 11 Economics Revision Questions 1. What is the economic problem? The economic problem is trying to allocate our limited resources for the satisfaction of our limited and competing wants. It involves

More information

The Employee s Guide to. the Family and Medical Leave Act. Wage and Hour Division

The Employee s Guide to. the Family and Medical Leave Act. Wage and Hour Division The Employee s Guide to the Family and Medical Leave Act Wage and Hour Division An Introduction to the Family and Medical Leave Act When you or a loved one experiences a serious health condition that

More information

EQUITY ACTIVITIES. Courtesy of Tulsa Technology Center, Tulsa,OK

EQUITY ACTIVITIES. Courtesy of Tulsa Technology Center, Tulsa,OK Copyright 2001 by Skills USA VICA EQUITY ACTIVITIES Courtesy of Tulsa Technology Center, Tulsa,OK Developed by: Gender Equity Advisory Committee (GEAC) of the Illinois State Board of Education and Statewide

More information

As an adult, you will be at work more than 2,000 hours every year! That s a lot of hours. You want to enjoy your time spent on the job.

As an adult, you will be at work more than 2,000 hours every year! That s a lot of hours. You want to enjoy your time spent on the job. As you go through school and experience life, one of your goals is to become employable. EMPLOYABILITY means to be well prepared to obtain and keep employment (a job). What is more important, you want

More information

COCOA LIFE COTE D IVOIRE NEEDS ASSESSMENT. Executive summary

COCOA LIFE COTE D IVOIRE NEEDS ASSESSMENT. Executive summary COCOA LIFE COTE D IVOIRE NEEDS ASSESSMENT Executive summary April 2015 1. The purpose of the needs assessment A needs assessment is carried out for each Cocoa Life origin in the early stages of program

More information

The Secret of Capitalist Exploitation

The Secret of Capitalist Exploitation The Secret of Capitalist Exploitation Day in and day out, in plants and factories all over this country, workers talk about A fair day s wages for a fair day s work. This has been one of the main mottos

More information

3.5.3 Wage determination in competitive and non-competitive markets

3.5.3 Wage determination in competitive and non-competitive markets 3.5.3 Wage determination in competitive and non-competitive markets Labour market equilibrium: The labour market is a factor market. The supply of labour is determined by those who want to be employed

More information

What exactly is human capital? And can it change your life?

What exactly is human capital? And can it change your life? What exactly is human capital? And can it change your life? Introduction Have you thought about what you ll do when you graduate? Get a job? Pursue a challenging career? Further your education to prepare

More information

Goals & Decision-Making

Goals & Decision-Making How to Really Become a Millionaire Goals & Decision-Making The choices you make at any point in your life will have major consequences for your future. In order to make decisions you need to distinguish

More information

CHAPTER 16: Human Resource Management

CHAPTER 16: Human Resource Management CHAPTER 16: Human Resource Management BUILDING A TOP-QUALITY WORKFORCE 1 LOOKING AHEAD What role does Human Resources play in business success? What are current human resource issues in today s economy?

More information

Personal Finance Realization Project

Personal Finance Realization Project Personal Finance Realization Project Please READ before answering any questions. You must answer the questions in essay form (Times New Roman, 12-pt, double-spaced with reference/citation [MLA form]),

More information

SMALL FARMS ARE "REAL" FARMS. John Ikerd University of Missouri

SMALL FARMS ARE REAL FARMS. John Ikerd University of Missouri SMALL FARMS ARE "REAL" FARMS John Ikerd University of Missouri What is a small farm? When we talk about small farms, do we mean small in acreage, small in production or value of sales, small in income,

More information

Unit 1: Fundamentals of Economics Notes

Unit 1: Fundamentals of Economics Notes Economics: Problem of Scarcity Economics study of how people & societies choose to use limited resources to satisfy their needs & unlimited wants #1 ongoing problem that all economists face is SCARCITY!!!!!!!!!!!!

More information

TOWN OF FARMVILLE EMPLOYMENT APPLICATION

TOWN OF FARMVILLE EMPLOYMENT APPLICATION TOWN OF FARMVILLE EMPLOYMENT APPLICATION An Equal Opportunity/Affirmative Action Employer: to provide equal employment opportunities without regard to race, color, religion, sex, national origin, age,

More information

Lecturer: Dr. Joana Salifu Yendork, Department of Psychology Contact Information:

Lecturer: Dr. Joana Salifu Yendork, Department of Psychology Contact Information: Lecturer: Dr. Joana Salifu Yendork, Department of Psychology Contact Information: jyendork@ug.edu.gh College of Education School of Continuing and Distance Education 2014/2015 2016/2017 Session Overview

More information

Unit 5 Globalization of Economics

Unit 5 Globalization of Economics UNIT 5: ECONOMICS Unit 5 Globalization of Economics In this unit, you will learn about economics ---- the study of how people make their livings, earn and spend money, trade with one another, and invest

More information

Chapter 12 Social Class and Lifestyles. CONSUMER BEHAVIOR, 10e Michael R. Solomon

Chapter 12 Social Class and Lifestyles. CONSUMER BEHAVIOR, 10e Michael R. Solomon Chapter 12 Social Class and Lifestyles CONSUMER BEHAVIOR, 10e Michael R. Solomon Chapter Objectives When you finish this chapter, you should understand why: 1. Both personal and social conditions influence

More information

Women s Economic Leadership in agricultural Markets and enterprises

Women s Economic Leadership in agricultural Markets and enterprises Women s Economic Leadership in agricultural Markets and enterprises Linking Gendered Household and Market Analysis Thalia Kidder tkidder@oxfam.org.uk 1:CONCEPTS Women s Economic Leadership in Agricultural

More information

UNEMPLOYMENT AND ITS NATURAL RATE

UNEMPLOYMENT AND ITS NATURAL RATE 15 UNEMPLOYMENT AND ITS NATURAL RATE LEARNING OBJECTIVES: By the end of this chapter, students should understand: the data used to measure the amount of unemployment. how unemployment can result from minimum-wage

More information

GENDER PAY GAP Report AS AT APRIL 2018 BRIDGING THE GAP

GENDER PAY GAP Report AS AT APRIL 2018 BRIDGING THE GAP GENDER PAY GAP Report AS AT APRIL 2018 BRIDGING THE GAP What we believe Creating the right culture... Creating a culture that truly supports our colleagues to be creative, innovative, empowered and above

More information

Gender pay gap report Data from April 2018

Gender pay gap report Data from April 2018 Gender report Data from April Our gender ambition At Osborne Clarke, we re proud to be different. We celebrate diversity and actively promote an inclusive culture. We recognise that we re all individuals

More information

Lesson 3: Careers and Taxes Career Central

Lesson 3: Careers and Taxes Career Central Lesson 3: Careers and Taxes Career Central All the materials and information included in this presentation is provided for educational and illustrative purposes only and is presented with the express understanding

More information

New workplace, New reward systems?

New workplace, New reward systems? New workplace, New reward systems? The "workplace" has evolved dramatically in recent years. From the predictions of academics like Charles Handy more than twenty years ago to the reality of today, the

More information

3. Hourly compensation costs for manufacturing workers are higher in than the U.S.

3. Hourly compensation costs for manufacturing workers are higher in than the U.S. ch1 1. Which of the following includes restrictions on executive pay that are designed to discourage executives from taking "unnecessary and excessive risks"? A. Corporate Welfare Program B. Employee Welfare

More information

This participatory data generating process uses local perceptions of rights and entitlements.

This participatory data generating process uses local perceptions of rights and entitlements. Tool Name: Entitlement Matrix What is it? An entitlements matrix is a method of representing socially differentiated perceptions of rights and entitlements. What can it be used understanding differences

More information

Economics : Principles of Microeconomics Spring 2014 Instructor: Robert Munk April 24, Final Exam

Economics : Principles of Microeconomics Spring 2014 Instructor: Robert Munk April 24, Final Exam Economics 001.01: Principles of Microeconomics Spring 01 Instructor: Robert Munk April, 01 Final Exam Exam Guidelines: The exam consists of 5 multiple choice questions. The exam is closed book and closed

More information

EXPANDING THE POSSIBILITIES. Executive Summary. underpaid. &overloaded: women in low-wage jobs

EXPANDING THE POSSIBILITIES. Executive Summary. underpaid. &overloaded: women in low-wage jobs EXPANDING THE POSSIBILITIES Executive Summary underpaid &overloaded: women in low-wage jobs ABOUT THE CENTER The National Women s Law Center is a non-profit organization whose mission is to expand the

More information

FACTORS INFLUENCING CONSUMER BUYING BEHAVIOUR: A REVIEW

FACTORS INFLUENCING CONSUMER BUYING BEHAVIOUR: A REVIEW FACTORS INFLUENCING CONSUMER BUYING BEHAVIOUR: A REVIEW Research Scholar Swami Ramanand Teerth Marathwada University, Nanded (MS) INDIA Consumer buying behavior is the behavior of final consumer. The consumer

More information

Stephen F. Austin State University Human Resources Search Committee Training Classified and Non-Classified

Stephen F. Austin State University Human Resources Search Committee Training Classified and Non-Classified Stephen F. Austin State University Human Resources Search Committee Training Classified and Non-Classified Sample Interview Questions and Inappropriate Topics Questions to Ask I. Past work experience in

More information

De Valois 1. Josiah De Valois North Polk High School Alleman, IA Malawi, Factor 16: Education

De Valois 1. Josiah De Valois North Polk High School Alleman, IA Malawi, Factor 16: Education De Valois 1 Josiah De Valois North Polk High School Alleman, IA Malawi, Factor 16: Education Malawi: Widespread Education to Bring Agricultural Improvements Malawi is a small country surrounded by land

More information

" " " " " " " " " " " " " " "

              RUNNING HEAD: Human Capital Theory 1 Essay: Human Capital Theory Patricia Martinez OMDE 606: Costs and Economics of Distance Education University of Maryland University College RUNNING HEAD: Human Capital

More information