Relationship Between Social And Economic Inequalities

Socio-economic inequalities and individuals' life paths are still shaped by social class in contemporary Western societies, according to recent sociological research. However, there is one aspect of class analysis that has received comparatively little attention: the connection that exists between social class, earnings, and income disparity. The paper looks at how the relationship between social class and economic inequality has changed over the past three decades in Italy using data from the Survey of Household Income and Wealth's historical archive. According to the findings, social class is signaling earnings and income with the same, if not greater, reliability than it did in the late 1970s. Additionally, the quota of inequality that is accounted for by differences between classes in 2010 is comparable to that which was registered in the late 1970s. However, there have been significant shifts in the horizontal redistribution of earnings and income over the past three decades. When compared to white-collar families, the economic situation of blue-collar families has significantly deteriorated.

Additionally, the gap in median earnings and income between professionals and managers and white-collar workers has significantly grown. The gap between the high and low service classes has grown so much that it suggests a dichotomization process within the service class. Social inequality occurs when a society's resources are unevenly distributed, typically as a result of allocation norms that produce particular patterns along lines of socially defined categories of people. It possesses and creates a gender gap between people, which restricts women's access to social goods in society. Power, religion, kinship, prestige, race, ethnicity, gender, age, sexual orientation, and class are all factors that influence this preference. The term "social inequality" typically refers to a lack of equality in outcomes, but it can also be thought of as a lack of equality in access to opportunities.