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Have you heard of phrases like "old money" and "new money"? Or "upper middle" and "lower upper"? The reason they're used more is because there is a very clear
by gochi 3y ago
Have you heard of phrases like "old money" and "new money"? Or "upper middle" and "lower upper"?
The reason they're used more is because there is a very clear distinction between groups even at high levels of wealth due to the need to socially signal. This is what causes CEOs to flip out that an analyst is trying to casually talk to them at a non-work event as if they are equals.
This is class dynamics in action, it's not all about the working class vs upper class, but how these different classes interact internally and externally.
- afiori 3y agoThere can be many class horizons, it could very possibly be that the young analyst would dislike a plumber (as in someone owning a plumbing comapany) talking casually to him, the plumber a retail casher, the retail casher an homeless person. Upper vs working the most important divide (IMHO), but not the only one.
- vasco 3y agoPeople like to find ways to feel superior to others regardless of how much money they have. Money is just one of the easiest and most transversal ways. But feeling like you have better opinions or thought deeper about subjects than others or that you know "how it really is", or that you're a better driver or whatever are other common ways. Whatever you feel like you are good at, or have a lot of, you will be tempted to feel superior about. Fighting these thoughts is virtuous in my opinion. Pretending that only X type of people do it (rich or whatever) is not virtuous in my opinion.
- hgsgm 3y agoCEO is New Money. Analyst is Not Money.