4 ms·

Class is in no way related to salary.

FredPret 3y ago
I didn't mention salary. I mentioned other indicators; being an analyst for GS (probably went to an Ivy League school) who hangs out in the same restaurant as the CEO in the Hamptons
- topaz0 3y ago
  Class is also not these social/economic/cultural signifiers. As yogthos said in a different comment, differences in class are about having substantially different economic incentives. (I wouldn't go as far as GP and say they are unrelated. Of course they are strongly correlated. But they are different things in fundamental ways).
- lancesells 3y ago
  I think you're thinking too much about the restaurant. A CEO can go have a $1000 meal at the same place the analyst has a $200 meal. The CEO could even have the $200 meal. Even multi-millionaires might not want a seven course prix fix for lunch. If the analyst lives in NYC and makes $250k they aren't living large. If they went to an Ivy League school and have to pay for it they really aren't living large. Regardless, the story makes the CEO look silly.
skissane 3y ago
> Class is in no way related to salary. It is in part. A person on a US$20 million a year salary obviously isn’t working class or even middle class-they might truthfully say they are of “working/middle class background” (if their parents were of more modest means) Whereas, their 10 year old kid whose annual income and assets are roughly $0 is also upper class-because their parents are. Now, if they grow up and their parents end up disowning them and they end up living on the streets homeless-then they won’t be upper class any more. But if that doesn’t happen, then they are-because even if they aren’t filthy rich yet, very likely they’ll eventually inherit a huge amount of money from their parents (assuming they don’t already have some kind of “you’ll never have to work a day in your life” trust fund set up for them). They could live their whole life in the upper class without ever getting a salary at all
- flandish 3y ago
  The 10 year old is not a worker (hopefully) and this is what this kind of class refers to. The relationship to the means of production. They may never work a day because they don’t need to - they are upper or “bourg.” for sure.
freetinker 3y ago
Perhaps not in most of the world (Europe, Asia), but in America class is strongly correlated to wealth.
hn8305823 3y ago
I miss when the Wikipedia articles for American working/middle/upper class had an image of the typical car they would drive on the sidebar.

I didn't mention salary. I mentioned other indicators; being an analyst for GS (probably went to an Ivy League school) who hangs out in the same restaurant as the CEO in the Hamptons

topaz0 3y ago
Class is also not these social/economic/cultural signifiers. As yogthos said in a different comment, differences in class are about having substantially different economic incentives. (I wouldn't go as far as GP and say they are unrelated. Of course they are strongly correlated. But they are different things in fundamental ways).
lancesells 3y ago
I think you're thinking too much about the restaurant. A CEO can go have a $1000 meal at the same place the analyst has a $200 meal. The CEO could even have the $200 meal. Even multi-millionaires might not want a seven course prix fix for lunch. If the analyst lives in NYC and makes $250k they aren't living large. If they went to an Ivy League school and have to pay for it they really aren't living large. Regardless, the story makes the CEO look silly.

skissane 3y ago

> Class is in no way related to salary. It is in part. A person on a US$20 million a year salary obviously isn’t working class or even middle class-they might truthfully say they are of “working/middle class background” (if their parents were of more modest means) Whereas, their 10 year old kid whose annual income and assets are roughly $0 is also upper class-because their parents are. Now, if they grow up and their parents end up disowning them and they end up living on the streets homeless-then they won’t be upper class any more. But if that doesn’t happen, then they are-because even if they aren’t filthy rich yet, very likely they’ll eventually inherit a huge amount of money from their parents (assuming they don’t already have some kind of “you’ll never have to work a day in your life” trust fund set up for them). They could live their whole life in the upper class without ever getting a salary at all

flandish 3y ago
The 10 year old is not a worker (hopefully) and this is what this kind of class refers to. The relationship to the means of production. They may never work a day because they don’t need to - they are upper or “bourg.” for sure.

freetinker 3y ago

Perhaps not in most of the world (Europe, Asia), but in America class is strongly correlated to wealth.

hn8305823 3y ago

I miss when the Wikipedia articles for American working/middle/upper class had an image of the typical car they would drive on the sidebar.