Detroit, Michigan. Downtown Detroit Hecker House in Detroit.

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Presentation transcript:

Detroit, Michigan

Downtown Detroit

Hecker House in Detroit

Heading into Downtown Detroit

Grand Hotel

Homes of Detroit

Can the people who live and work in the city of Detroit be seen as similar?

Three Components Sociologists can’t agree on how to define social classes Sociologists do measure the three components of social class Wealth Power Prestige

Wealth What is the difference between wealth and income? Wealth is property and income Income is money received from a job, business, or assets.

United States Wealth $1.4 Quadrillion National Debt of 16.5 trillion 68% of the total U.S. worth is owned by 10% of U.S. famiies 40% of U.S. assets are owned by 1% of Americans

U.S. Wealth Average Income per family is $30,000/year Families with more than one worker $51,000/year The problem is the difference between the rich and poor See Page 262

High Paid CEO’s According to the Wall Street Journal, of the top 350 US companies Median income $3,022, times higher than the average American worker An average worker would have to work 3,671 years to match the top CEO’s of the US