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Why? And how else would you describe the economic strata that exist in our economy and every other economy in the world?
by TheAdamAndChe 9y ago
Why? And how else would you describe the economic strata that exist in our economy and every other economy in the world?
- ConceptJunkie 9y agoPeople are people. We have a classless society in the U.S.. It would be far more correct to refer to differences in income, rather than using the word "class".
- TheAdamAndChe 9y agoClass is an indicator of power, which in our capitalistic society, is largely determined by income or wealth. Using the terms "lower, middle, upper class" mostly does speak of differences in income[1], though the upper class is mostly determined by wealth and a return on capital instead of labor. [1] https://en.wikipedia.org/wiki/Social_class_in_the_United_States https://en.wikipedia.org/wiki/Social_class_in_the_United_Sta...