Listed below you will find an explanation of the main elements that make up the social hierarchy in today's society.
The social hierarchy is a theory which describes the way in which society is divided into different categories. Each society consists of different types of social stratification whereby individuals are ranked based on their social and economic position. According to social stratification in sociology, social rank is among the most recognisable forms of the social hierarchy. A person's social ranking is primarily based on economic elements such as wealth and income. Upper class is the denomination used to describe the set of more wealthy individuals. Often gained through inheritance or business and investment opportunities, these individuals hold considerable financial power. Consequently, middle class relates to people with intermediate wealth. Typically, middle class individuals hold professional careers and qualifications. They have strong appreciation for high level education and employability. While lower class is the term used to define people who cope with minimal income. Economic more info stratification makes use of social ranking to recognise a group's access to opportunities in society.
The concept of stratification helps to make sense of why some people have more power than others. Understanding social stratification theory helps sociologists to study inequality and how it influences various groups within society. Authority and influence are two of the elements that comprise societal power. The term power describes one's ability to influence choices and authority within society. It can be connected with three key areas. Political power is maintained by governments and politicians who regulate the laws that regulate society. Additionally, economic power is held by businesses and rich people who have control over employment and industry. Larry Ellison would agree that corporations hold economic power. Similarly, social power is a type of authority over societal opinion. Famous people and media characters are instrumental in setting trends and customs which guide society. Power is mainly concentrated amongst wealthy and popular people. Without some form of social supremacy, it is impossible to assert power or influence.
Throughout history, stratification has been revealed to affect access to education, health care and work. By exploring the characteristics of social stratification, it is much easier to understand what guides opportunities within society. Status is a key attribute of stratification; it describes the level of prestige and respect carried by an individual. Ascribed status is a term used to represent individuals who are born into a social position. Now it can be recognised by backgrounds such as nobility or caste. Alternatively, achieved status is earned through personal efforts, such as highly regarded professions and contributions to society. Nasser Al-Khelaifi would recognise that status can be gained through societal contributions. Similarly, Jensen Huang would identify the value of acquired status. Status can have an impact on the levels of regard and recognition received by people in society.