Socio 211 1st Edition Lecture 12Current LectureI. Karl Marxa. Capitalists (bourgeoisie) are people who own companies, land, or stocks and use them to generate economic gainsb. Working class (proletariat) are the people who sell their labor to capitalist and generate profits for them c. Position in society only result in the relationship to the means of productiond. Ultimately, the proletariat would overthrow the bourgeoisie, ending the reign of capitalismII. Max Webera. Besides relationships to the means of production, class divisions depend on skills, credentials, and social statusb. Prestige of job means that some enjoy positive while others suffer negative statusc. Pariah groups are groups who face discrimination that makes it difficult to take advantage of opportunitiesd. Multidimensional approach is for those who believe that social prestige and power can be independent of economicsIII. Poverty a. Absolute poverty i. The minimal requirements necessary to sustain a healthy existenceb. Relative poverty i. Poverty defined according to the living standards of the majority in any given society IV. Measuring poverty a. The poverty line is an official government measure that defines those living in poverty in the United Statesb. In 2011, $22,350 annually was the poverty income for a family of fourV. Test your knowledge on poverty a. Most poor people are lazy! They are poor because they do not want to worki. Half of the poor are either too old or too young to work: about 40 percent are under the age of 18, and another 10 percent are age 65 or older. About 30 percent of the working-age poor work at least half of the year.b. Most of the poor live in the inner cityi. This one is close to fact, as about 42 percent do live in the inner city. But 36 percent live in the suburbs, and 22 percent live in small towns and rural areasc. In the U.S.i. In 2006, 36.5 million people lived below the poverty line1. 16.5% are under- or over- working age2. 31% are employed full time3. many have disabilitiesThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.4. Poverty line at about $20,444 for a family of four. $1703/month…5. 1 in 5 households struggles to meet basic needsVI. Race and wealtha. Though race is not an actual component of class, there is a clear intersectionb. Research shows that nonwhites generally have less wealth and education than other social groupsc. Nonwhite are also much more likely to experience discrimination when buying homesVII. Feminization of povertya. There is an increase in the proportion of the poor who are femaleb. Growing number of women are single mother, divorced, or separatec. Of these families, 30.9% were poor in 2012, compared to only 6.3% of married householdsVIII. Playspent.orgIX. That’s you family’s class?a. From your upbringing, what do you think your class is?X. Monopolya. What are rules of monopoly?i. Property ii. Buildingsiii. Incomeb. How can we change the rules in order to make it more similar to society?XI. Wealth numbersa. Upper class would begin with over $6,700 of the $7,500b. They would also own 3 sides of the