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Economic Social Institution
In 2012, futurist Thomas Frey predicted that by 2030, 2 billion jobs will
disappear globally. “The more technology we rely on, the more breaking points
we’ll have in our lives. We are not well-equipped culturally and emotionally to
have this much technology entering into our lives. There will be backlashes,
‘destroy the robots’ or ‘damn the driverless car’ campaigns with proposed
legislation attempting to limit its influence. At the same time, most of the jobs
getting displaced are the low-level, low-skilled labor positions. Our challenge
will be to upgrade our workforce to match the labor demand of the coming era.
Although it won’t be an easy road ahead it will be one filled with amazing
technology and huge potentials as the industries shift” (Futurist Speaker).
Social Structure in a Gesellschaft Society
Culture, Race, Ethnicity, Gender, Sexuality
Social Class (SES = OIE), Religion, etc.
• Statuses and Roles
• Groups
• Institutions and Formal Organizations
• Society
Types of Jobs 1972 (Source: NPR)
Types of Jobs 2012 (Source: NPR)
Capitalism
1.) private ownership of companies
2.) profit driven
3.) market competition
Socialism
1.) public ownership (government)
2.) profit immoral
3.) competition immoral
Types of Capitalism
•
•
•
•
Laissez-Faire Capitalism
State or Welfare Capitalism
Convergence Theory/Mixed Economic System
Globalization of Capitalism
• Functionalist Theory
• Conflict Theory
• Corporate Capitalism
• Multinational Corporations
• Oligarchies
• Global Super Class
Corporate Capitalism
Jobs: Consumption over Production
Conspicuous Consumption
Planned Obsolescence
McDonaldization of Society
What Meaning Do You Assign to This Toilet Tissue?
Cuba
• Sense of self
revolves
around
creativity
• Thrift
orientated
culture
• Resource
poor country
U.S.A.
• Sense of self
revolves around
consumption
• Consumer
Orientated
Culture
• Resource rich
country
• Ability to Access
Resources from
Foreign
Countries
Political Economy
What Does a Trillion Dollars Look Like?
http://www.pagetutor.com/trillion/index.html
Gross Domestic Product (GDP)
https://www.cia.gov/library/publications/the-worldfactbook/rankorder/2001rank.html?countryname=United%20States&countrycode=us&regionCode=noa&ra
nk=2#us
Federal Debt and the Federal Budget
http://www.brillig.com/debt_clock/
3.9 Trillion Outlay and 563 Billion Deficit
(Source: Federal Spending)
Poverty U.S. Census – 2013
Married-couple families
Male householder
Female householder
5.8%
15.9%
30.6%
Males
Females
13.1%
15.8%