Working Class America

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Category: Business and Industry

Date Submitted: 05/27/2014 05:46 PM

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The lower middle class has lower educational attainment, considerably less workplace autonomy, and lower incomes than the upper middle class. With the emergence of a two-tier labor market, the economic benefits and life chances of upper middle class professionals have grown considerably compared to those of the lower middle class.

Harder to quantify, but probably at least as important, are the social conseque When used non-academically in the United States, for example, it often refers to a section of society dependent on physical labor, especially when compensated with an hourly wage. For certain types of science, as well as less scientific or journalistic political analysis, for example, the working class is loosely defined as those without college degrees. Working class occupations are then categorized into four groups: Income varies considerably from near the national median to well in excess of $100,000. Household income figures, however, do not always reflect class status and standard of living, as they are largely influenced by the number of income earners and fail to recognize household size. It is therefore possible for a large, dual-earner, lower middle class household to out-earn a small, one-earner, upper middle class household As qualified personnel become scarce for relatively important, responsible, and complex occupations income increases, following the economic theory of scarcity resulting in value. According to this approach, occupation becomes more essential in determining class than income. Whereas professionals tend to create, conceptualize, consult and instruct, most Americans do not enjoy a high degree of independence in their work, a