THE AMERICAN DREAM.


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THE AMERICAN DREAM The Part of Social Class in the "Quest for Bliss" AMERICAN Lala land of Chance Clothes to newfound wealth—Anybody can get to be rich, well known, capable. Occupations and training accessible to all who need them. Meritocracy (rewards)=skill + exertion.
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THE AMERICAN DREAM The Role of Social Class in the “Pursuit of Happiness”

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AMERICAN DREAM Land of Opportunity Rags to Riches—Anyone can get to be rich, renowned, capable. Occupations and instruction accessible to all who need them. Meritocracy (rewards)=skill + exertion. Through diligent work, strength and determination one can accomplish success. Americans can live superior to anything their guardians did.

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“We hold these truths to act naturally apparent, that all men are made equivalent, that they are invested by their Creator with certain unalienable Rights, that among these are Life, Liberty, and the PURSUIT of Happiness”

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Social Mobility The development of families all over the financial step 40% of wages stayed at about the same level; 60% climbed or down. Just 37 of America’s 400 wealthiest acquired their cash from their gang.

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Social Classes Social Stratification The various leveled refinements between people or gatherings in social orders. The investigation of deliberate disparity between gatherings of individuals

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What are the key components of social class? Riches Valued belonging : money, land, structures, property Income : cash from work, offers and so forth. Has a tendency to be intergenerational POWER Ability to complete one’s will, regardless of the fact that restricted by other people Who has power??? Renown Respect given to individuals with esteemed positions or assets

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Upper Class Facts Q. What % of Americans fit in with the high society? 0.5% Extent of riches? Main 1% possesses more than 33% of ALL total assets in the U.S. half U.S. stocks, 60% bonds; companies, property, legacies; salary for the most part from speculations not business Source of force? Responsibility for - cash profits Economic force and political force entwined Source of esteem? family name & assets (old: Rockefeller, Carnegie, Walton, Getty; new: Gates)

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Corporate Class Facts Q. What % of Americans? 0.5% Extent of riches? A considerable measure, however not as much as the high society Usually not real proprietors of organizations middle CEO pay $10.8 million President of the U.S. $400,000 (why do it then??) Q. Source of force? Heads of organizations, government Q. Source of esteem? Position of impact

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Middle Class The Cosby Show America’s first dark working class TV family

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Middle Class Facts Q. What % of Americans? 43% Q. Extent of riches? Some Ownership—own home Income—mid to high salary Engineer, $58,000 Teacher, $34,000 ALC Professor, ?? Wellspring of force? Restricted inside of connection of occupation Source of renown? Some more than others, clerical employment

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Working Class Photograph from a book

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Working Class Facts Q. What % of Americans? 43% Q. Extent of riches? Little Ownership—little or no property Income—mid to low Factory specialist, $24,000 Machine administrator, $23,000 Q. Source of force? Restricted, here and there aggregate force through unions Q. Source of distinction? Practically nothing, hands on employments

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Lower Class Homeless man in New York - one of thousands

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Lower Class Facts Q. What % of Americans? 13% Q. Extent of riches? Practically nothing, normally none Ownership: none Income: low Poverty rate in 2001: 9.9% Only around 1/3 of poor get welfare Q. Source of force? Restricted to none Q. Source of renown? Constrained to none

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Inequality Based on Class Health—Higher class live more (79.2 years versus 74.7 years). Crime—impoverished zones tend to have higher wrongdoing rates Education—despite proceeded with expansions in money related guide, the extent of higher class understudies at first class schools is expanding. Families—higher class will probably have youngsters while inside of marriage and at more established ages.

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Distribution of Wealth

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Racial crevices in the work market

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Gender holes in the work showcase More men work full time than ladies, however looking at men and ladies who work: Median Income Male $29,458 Female $18,957 For each dollar men make, ladies make 64 pennies

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Why does the sexual orientation hole exist? Instruction? Ladies make up more than half of understudies in school Men and Women with a BA (1999) Male $47,126 Female $34,455 Men work more hours? Ladies in full-time work acquire not as much as men with the same instructive capability

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Poverty rates and Gender

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Revisiting the American Dream Land of Opportunity? “rags to riches” or “the rich get rich?” classes have a tendency to imitate themselves (e.g. word related & riches legacy, legacy concedes) are all employments transparent for everybody? obviously not Social class is accomplished or attributed? between 40 to 60% of parental pay point of interest went on to kids A meritocracy? hindrances to channels of upward versatility (e.g. a decent instruction) .:tslidesep.

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