SOC101 Lecture Slides Week 10
SOC101 Lecture Slides Week 10
Week 10
• Note that ‘making a living’ refers here to much more than earning money.
• The economy consists of institutions that provide for the production and
distribution of goods and services.
Who chooses our
occupation?
Capitalist modern society
• Modern societies are capitalistic. Capitalism is a way of organizing economic life that is
distinguished by the following important features:
• Capitalism, which began to spread with the growth of the Industrial Revolution in the early
nineteenth century, is a vastly more dynamic economic system than any other that preceded
it in history.
• Although the system has had many critics, such as Karl Marx, it is now the most widespread
form of economic organization in the world.
Characteristics of work
1. Money: A wage or salary is the main resource many people depend on to meet their needs. Without such an income,
anxieties about coping with day-to-day life tend to multiply.
2. Activity level. Work often provides a basis for the acquisition and exercise of skills and capacities. Even where work is
routine, it offers a structured environment in which a person’s energies may be absorbed. Without it, the opportunity to
exercise such skills and capacities may be reduced.
3. Variety. Work provides access to contexts that contrast with domestic surroundings. In the working environment, even
when the tasks are relatively dull, individuals may enjoy doing something different from home chores.
4. Structuring one’s time. For people in regular employment, the day is usually organized around the rhythm of work.
Although work may sometimes be oppressive, it provides a sense of direction in daily activities. Those who are out of work
frequently find boredom a major problem and may develop a sense of apathy about time.
5. Social contacts. The work environment often provides friendships and opportunities to participate in shared activities with
others. Separated from the work setting, a person’s circle of possible friends and acquaintances is likely to dwindle.
6. Personal identity. Work is usually valued for the sense of stable social identity it offers. For men in particular, self-esteem is
often bound up with the economic contribution they make to maintaining the household. In addition, job conditions—such
as the opportunity to work in jobs that are challenging, not routinized, and not subject to close supervision—are known to
have a positive effect on a person’s sense of self-worth (Crowley, 2014).
GLOBAL OUTSOURCING
JOB INSECURITY
Any questions?