We have all heard the terms poor, middle class, and rich, or some variant of those terms. They are descriptions of position in a socio-economic system. Yet, how accurate are these descriptors? Even the most well defined methodology of class identification is limited to basic measurements of income and wealth, which are wholly inadequate measures. A new model for class stratification in the American socio-economic system is a necessary step forward in evaluating the condition of individuals within the system.« Continue »
Class Stratification in Industrialized Nations
In past articles I’ve commented on the middle class a fair amount including on how the middle class blocks the elites. However I’ve noticed that there is often some confusion when it comes to a distinction between the poor, middle class, and rich. Who are the rich? Who constitutes the middle class?« Continue »