Polarization

Definition

In the context of sociology, particularly within the realm of work and the economy, polarization refers to the process by which the differences between low-skilled and high-skilled jobs become more pronounced, leading to a widening gap in wages, job opportunities, and social status. This trend results in a shrinking middle class and contributes to increased economic and social stratification.

Related terms

Income Inequality:

The uneven distribution of income across various participants in an economy, leading to financial disparities among different groups.

Gig Economy:

An economic system that operates based on short-term contracts or freelance work as opposed to permanent jobs, often exacerbating labor market polarization.

Social Stratification:

The arrangement or classification of individuals within society into hierarchical groups based on wealth, income, social status, occupation, or other characteristics