Created by TA-MajestyPalm via MiddleClassFinance on Reddit
Class is your relationship to the means of production not how much money you make. The labor aristocracy is still working class despite having better material conditions.
This understanding of class was designed by the owning class to divide the workers into who is better than who so that they won't realize they have the same interests and organize against the bourgeoisie
100%, the owning class is the wealth/capital class. Everyone else is working class. If you need to work to continue to have basic needs met like housing, food, healthcare, education, etc you are working class.
Also disrubtion -> disruption in the first experiences box.
This needs to be in ratios VS cost of living values.
NY/LA VS Hayes Kansas, $100k is a very different thing.
I think you're right, ratios with high/low examples given maybe.
Then NY owning class always say that.
I feel like the huge range in the upper class (106k to 461k) is too large to lump everyone into a single group. A person who earns 115k a year has a completely different lifestyle than someone who earns 250k a year. Whereas the top and bottom incomes of the middle to lower classes are likely comparable in terms of life experience.
You are focusing on the income too much here... after certain point, there is more to it.
While you are right money wise... 106k could be entry level upper class (30 year old) v 450k end of career exec...
It is really a same guy, just different age.
People under estimate how much age impacts your income and assets, it makes sense tho.
Old geezer with life time of work will be wealthier inherently against everyone who aint a nepo baby.
This is misleading at best. If you subtract the largest 1000 earners in America the median income drops to $35,000.
That's all you need to know.
35k is the old number, i think median for all worker is like 40k.
If you narrow it down to full time etc, it is like 55k.
Your point is still valid tho, I think these % are based on pre covid info.
For example, 100k individual income would put you into top 15% right now. It would have been less pre covid.
Guess I'm poor ¯\_(ツ)_/¯
I love that fifth pillar „Owning Class.“ It’s often not mentioned in such overviews but reveals most of the power structures im out world.
Would be interesting to have an additional row of „Life Happiness“ Being super-rich doesn’t mean being super-happy in your life.
Yeah but being broke under the orphan crushing machine hardly leads to happiness.
I am sure ton of "upper class" is happier than some of venerated "owners"
You'd think they'd have put the Working Poor on there
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