By Earl Wysong Indiana University Kokomo, Visit Amazon's Robert Perrucci Page, search results, Learn about Author Central, Robert Perrucci, , David Wright
The New classification Society introduces scholars to the sociology of sophistication constitution and inequalities because it asks even if the yankee dream has pale. The fourth version of this strong booklet demonstrates how and why category inequalities within the usa were widened, hardened, and turn into extra entrenched than ever.
The fourth variation has been commonly revised and reorganized all through, together with a brand new creation that provides an summary of key issues and shorter chapters that disguise a much wider diversity of themes. New fabric for the fourth version incorporates a dialogue of “The nice Recession” and its ongoing effect, the loss of life of the center category, emerging bills of faculty and lengthening scholar debt, the position of digital media in shaping people's perceptions of sophistication, and more.
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Additional resources for The New Class Society: Goodbye American Dream?
At the same time that the middle class was disappearing, a large new group of highly paid business owners, corporate executives, managers, and professionals were riding the crest of a new wave that would produce a large and dominant privileged class with high incomes, great wealth, and political power. MAPPING THE NEW CLASS STRUCTURE The production and functionalist models discussed in chapter 1 are inadquate frameworks for understanding the changing class structure. Both models emphasized the importance of occupation as a key factor in determining class location— although for different reasons.
It is clear that there is enormous disparity in the amount of wealth held by the richest 20 percent of the population compared with the bottom 80 percent. In 2010 the “privileged class” (the top 1 percent plus the next 19 percent) held 89 percent of total net worth and 96 percent of total financial wealth—both figures representing increases over the years since 1983. Wealth provides security, well-being, independence, and power to a privileged minority in American society, who can use that wealth to advance their privileged-class interests.
It is also done by buying entry into prestigious educational institutions that provide their students with lifelong advantages. Families who buy elite educational degrees for their children use their consumption capital to develop both social capital and skill capital. Graduates of elite universities have special advantages in terms of converting their credentialed skill capital into better jobs. And they establish social contacts that can be used later to solidify or enhance their social positions.