Stratification: Social Inequality
Submitted by: Mimi Kinfu
Stratification is a process ranking entire society based on an income and a wealth. In United States, as a capitalist system, the disparity between the poor and the rich is significant. Capitalism class system exhibits stable stratification hierarchies during normal economic periods. Moreover, during these periods, the upper, the middle and the lower class could be identified distinctively. In the contrary, when the economy hits the bottom, the society as whole suffers the consequences. It is middle class suffers a lot. The likelihood of becoming a poor is higher. In America, thirty seven percent of the country’s wealth was owned by the richest people, while the poor owns only three percent. The upper class groups are celebrities and Big Corporation owners and CAOs.The rich have the money, power, and prestige to influence everything. In our everyday life, the media give large portion of their program to the news about the rich .Their every-day life is monitored as a fascination. For example the shows like Extra, Access, Inside Edition and TMZ shows enable us to see the life of the rich.
In contrast, the lower class of the society works to fulfill the subsistence necessities. These groups of people do low-wage jobs. For the poor to foot the bill of rent, utilities and transportation to and from work’ they have to work two jobs.
Corporation layoff many middle class status employees due to the 2007 economic recession .This phenomena widened the lifestyle difference between the rich and the poor. This trend may force federal and state government to change policies. Watch the following video to visualize the disparity.
No comments:
Post a Comment