Social inequality is characterized by the existence of unequal opportunities and rewards for different social positions or statuses within a group or society. It contains structured and recurrent patterns of unequal distributions of goods, wealth, opportunities, rewards, and punishments. Inequality of opportunities refers to the unequal distribution of "life chances" across individuals. This is reflected in measures such as level of education, health status, and treatment by the criminal justice system. Social inequality also lead to Social stratification refers to the unequal distribution around the world of the three Ps: property, power, and prestige. This stratification forms the basis of the divisions of society and categorizations of people. In the case of the latter, social classes of people develop, and moving from one stratum to another becomes different. Normally property (wealth), power (influence), and prestige (status) occurs together. That is, people who are wealthy tend also to be powerful and appear prestigious to others. Yet this is not always the case. Plumbers may make more money than do college professors, but holding a professorship is more prestigious than being a “blue collar worker.” The three “Ps” form the basis of social stratification in the United States and around the world, so a detailed discussion of these social “rewards” is in order.
Property or also known as wealth refers to the assets and income-producing things that people own: real estate, savings accounts, stocks, bonds, and mutual funds. Income refers to the money that people receive over a certain period of time, including salaries and wages. Karl Marx assigned industrial society two major and one minor classification: the capitalist class, small capitalist class, and worker class. Marx made these divisions based on whether the “means of