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Summary 2 - Essay Example

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Summary
Class in America America society has changed greatly in the past two decades with the gap between the poor and the rich increasing by day. Today, America is no longer the same country where people lived the same king of life…
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Download file to see previous pages... This paper summarises chapter one and chapter three of the book New Class Society: Goodbye American dream by Perrucci and Wysong. In America, the level of inequality is very high and quite evident from a tender age. While medium wage has not changed an inch from the last recession, upper class workers in America have good earnings to afford a luxurious lifestyle. Some decades ago, hard work qualified people to good jobs that ensured a successful life. Today, people with talents take a bigger share of money home for utilizing their talents. For example, the ballplayers and the movie star. However, some people earn below the poverty line for reasons they can overcome. Apart from income inequalities, other inequalities include discrimination against women, racial, and ethnic groups. Thus, the class inequality with a structured system of unequal rewards that enables a small minority to access rewards at the expense of others (Perrucci and Wysong 20-30). American class is complex to define but functionality model helps explain it. It states that social stratification is complex, multidimensional phenomenon, and cannot be understood using a single factor. Therefore, the model suggests understanding class inequality through occupation, production position, and class links. Marxian model views classes as organised according to variations in the levels of prestige each representing a combination of several qualities of individuals. These prestige levels may include cultural values, education levels attained, and levels of income. New class is evident in America today where people live differing lives each passing day. A new model that incorporates the production model helps in understanding the nature, origins, and dynamics of the new class. The new model recognises that the emerging new class system is organisationally based. The class structure is viewed as increasingly organised around and through large organisational structures. For instance, people gain their importance for the organisations they work for other than by who they are. In addition, classes are include individuals and families with comparable total resources over time. From the classes, it is possible to read the four forms of generic economic and social resources that include investment, consumption, skill, and social capital. The other approach to explain elaborates how large organisations act as avenues for legitimating the distribution process, causing inequality. Large organisations dominate the economic, cultural, and political arenas through their large distribution process that defines the new American class. Capital is generative in nature because it produces other resources when invested. Capital is a key resource in America, needed for any investment or business. Usually, many peasant Central Americans are peasant farmers with small chunks of land to do subsistence farming. It is impossible for the peasant farmers to compete with large estate owners farming for exports, which makes them move to the cities to look for jobs. Varying incomes for different groups means that they have less or more to invest in money generating projects. In conclusion, America has various classes including privileged class or super class, credential class, professionals, new working class or comfort class, wage earners, self employed and excluded class. The Global Economy and the Privileged Class Advancement in technology has contributed to the global economy fostering its growth. Many corporations can ...Download file to see next pagesRead More
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