Final Review Cards
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| class structure as a continuum | popular way to measure class
socioeconomic status: indiciators- occupation, education, income
continuum: there is no sharp distinction between different classes
class=objective and subjective judgements
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| Dennis Gilbert | wrote a book on American class structure (2003)
book differentiated classes on the basis of occupation, income, and education
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| Class structure as antagonistic categories | marxist definition of class- the level of control of means of production; class differences are qualitative in nature (boundaries between classes are discrete and clear). classes are defined by the exploitation that occurs between them.
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| top 1% share of income (1913-2007) | 23.9% in 1928, 8.9% in 1997, 23.5% in 2007
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| distribution of wealth in US, 2007 | in 2007, top 1% held 34% of wealth and bottom 50% of population has 2.5% of all wealth
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| Gini coefficient | measure of the inequality of wealth distribution/ Value of 0 indicates complete equality and 1 complete inequality. in 1980, gini ration was .403, in 2007 risen to .463
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| US Gini coefficient compared to other countries | #42
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