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Middle Class
The middle class refers to a class of people in the middle of a social hierarchy, often defined by occupation, income, education, or social status. The term has historically been associated with modernity, capitalism and political debate. Common definitions for the middle class range from the middle fifth of individuals on a nation's income ladder, to everyone but the poorest and wealthiest 20%. Theories like "Paradox of Interest" use decile groups and wealth distribution data to determine the size and wealth share of the middle class. Terminology differs in the United States, where the term ''middle class'' describes people who in other countries would be described as working class. There has been significant global middle-class growth over time. In February 2009, ''The Economist'' asserted that over half of the world's population belonged to the middle class, as a result of rapid growth in emerging countries. It characterized the middle class as having a reasonable amo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Global Wealth Distribution 2020 (Property)
Global may refer to: General *Globe, a spherical model of celestial bodies *Earth, the third planet from the Sun Entertainment * Global (Paul van Dyk album), ''Global'' (Paul van Dyk album), 2003 * Global (Bunji Garlin album), ''Global'' (Bunji Garlin album), 2007 * Global (Humanoid album), ''Global'' (Humanoid album), 1989 * Global (Todd Rundgren album), ''Global'' (Todd Rundgren album), 2015 * Bruno J. Global, a character in the anime series ''The Super Dimension Fortress Marcoss'' Companies and brands Television * Global Television Network, in Canada ** Canwest Global, former parent company of Global Television Network ** Global BC, on-air brand of CHAN-TV, a television station in Vancouver, British Columbia, Canada ** Global Calgary ** Global Edmonton ** Global Halifax ** Global Montreal ** Global News, the news division of the Global Television Network ** Global Okanagan, on-air brand of CHBC-TV, a television station in Kelowna, British Columbia, Canada ** Global Toronto, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bourgeoisie
The bourgeoisie ( , ) are a class of business owners, merchants and wealthy people, in general, which emerged in the Late Middle Ages, originally as a "middle class" between the peasantry and aristocracy. They are traditionally contrasted with the proletariat by their wealth, political power, and education, as well as their access to and control of cultural, social, and financial capital. The bourgeoisie in its original sense is intimately linked to the political ideology of liberalism and its existence within cities, recognised as such by their urban charters (e.g., municipal charters, town privileges, German town law), so there was no bourgeoisie apart from the citizenry of the cities. Rural peasants came under a different legal system. In communist philosophy, the bourgeoisie is the social class that came to own the means of production during modern industrialisation and whose societal concerns are the value of private property and the preservation of capital t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wealth
Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word , which is from an Indo-European word stem. The modern concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics, yet the meaning of wealth is context-dependent. A person possessing a substantial net worth is known as ''wealthy''. Net worth is defined as the current value of one's assets less liabilities (excluding the principal in trust accounts). At the most general level, economists may define wealth as "the total of anything of value" that captures both the subjective nature of the idea and the idea that it is not a fixed or static concept. Various definitions and concepts of wealth have been asserted by various people in different contexts.Denis "Authentic Development: Is it Sustaina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
White-collar Worker
A white-collar worker is a person who performs professional service, desk, managerial, or administrative work. White-collar work may be performed in an office or similar setting. White-collar workers include job paths related to government, consulting, academia, accountancy, business and executive management, customer support, design, economics, science, technology, engineering, market research, finance, human resources, operations research, marketing, public relations, real estate, information technology, networking, law, healthcare, architecture, and research and development. In contrast, blue-collar workers perform manual labor or work in skilled trades; pink-collar workers work in care, health care, social work, or teaching; green-collar workers specifically work in the environmental sector; and grey-collar jobs combine manual labor and skilled trades with non-manual or managerial duties. With the emergence of the AI boom, there have been studies released ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Professionals
A professional is a member of a profession or any person who works in a specified professional activity. The term also describes the standards of education and training that prepare members of the profession with the particular knowledge and skills necessary to perform their specific role within that profession. In addition, most professionals are subject to strict codes of conduct, enshrining rigorous ethical and moral obligations. Professional standards of practice and ethics for a particular field are typically agreed upon and maintained through widely recognized professional associations, such as the IEEE. Some definitions of "professional" limit this term to those professions that serve some important aspect of public interest and the general good of society.Sullivan, William M. (2nd ed. 2005). ''Work and Integrity: The Crisis and Promise of Professionalism in America''. Jossey Bass.Gardner, Howard and Shulman, Lee S., The Professions in America Today: Crucial but Fragile. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labour Aristocracy
In Marxist and anarchist theories, the labor aristocracy is the segment of the working class which has better wages and working conditions compared to the broader proletariat, often enabled by their specialized skills, by membership in trade unions or guilds, and in a global context by the exploitation of colonized or underdeveloped countries. Due to their better-off condition, such workers are more likely to align with the bourgeoisie to maintain capitalism instead of advocating for broader working-class solidarity and socialist revolution. The concept was introduced independently by revolutionary socialists Mikhail Bakunin (in the 1870s) and Friedrich Engels (in 1858), the latter describing the emergence of trade unions consisting of such workers in Great Britain in the late 19th century. Engels' theory was further developed by Vladimir Lenin, who tied the concept to imperialism. Revolutionary industrial unions, such as the Industrial Workers of the World, used the term to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proletarianisation
In Marxism, proletarianization is the social process whereby people move from being either an employer, unemployed or self-employed, to being employed as wage labor by an employer. Marx's concept For Marx, the process of proletarianization was the other side of capital accumulation. The growth of capital meant the growth of the working class. The expansion of capitalist markets involved processes of primitive accumulation and privatization, which transferred more and more assets into capitalist private property, and concentrated wealth in fewer and fewer hands. Therefore, an increasing mass of the population was reduced to dependence on wage labor for income, i.e. they had to sell their labor power to an employer for a wage or salary because they lacked assets or other sources of income. The materially-based contradictions within capitalist society would foster revolution. Marx believed the proletariat would eventually overthrow the bourgeoisie as the 'last class in history'. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poverty
Poverty is a state or condition in which an individual lacks the financial resources and essentials for a basic standard of living. Poverty can have diverse Biophysical environment, environmental, legal, social, economic, and political causes and effects. When evaluating poverty in statistics or economics there are two main measures: ''absolute poverty'' which compares income against the amount needed to meet basic needs, basic personal needs, such as food, clothing, and Shelter (building), shelter; secondly, ''relative poverty'' measures when a person cannot meet a minimum level of living standards, compared to others in the same time and place. The definition of ''relative poverty'' varies from one country to another, or from one society to another. Statistically, , most of the world's population live in poverty: in Purchasing Power Parity, PPP dollars, 85% of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petite Bourgeoisie
''Petite bourgeoisie'' (, ; also anglicised as petty bourgeoisie) is a term that refers to a social class composed of small business owners, shopkeepers, small-scale merchants, semi- autonomous peasants, and artisans. They are named as such because their politico-economic ideological stance in times of stability is reflective of the proper ''haute bourgeoisie'' (high bourgeoisie or upper class). In ordinary times, the ''petite bourgeoisie'' seek to identify themselves with the ''haute bourgeoisie'', whose bourgeois morality, conduct and lifestyle they aspire and strive to imitate. The term, which goes as far back as the Revolutionary period in France, if not earlier, is politico-economic and addresses historical materialism. It originally denoted a sub-stratum of the middle classes in the 18th and early-19th centuries of western Europe. In the mid-19th century, the German economist Karl Marx and other Marxist theorists used the term ''petite bourgeoisie'' to academical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Human Capital
Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. Human capital has a substantial impact on individual earnings. Research indicates that human capital investments have high economic returns throughout childhood and young adulthood. Companies can invest in human capital; for example, through education and training, improving levels of quality and production. History Adam Smith included in his definition of Capital (economics), capital "the acquired and useful abilities of all the inhabitants or members of the society". The first use of the term "human capital" may be by Irving Fisher. An early discussion with the phrase "human capital" was from Arthur Cecil Pigou: But the term only found widespread use in economics after its popularization by economists of the Chicago School of economics, Chicago School, in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Working-class
The working class is a subset of employees who are compensated with wage or salary-based contracts, whose exact membership varies from definition to definition. Members of the working class rely primarily upon earnings from wage labour. Most common definitions of "working class" in use in the United States limit its membership to workers who hold Blue-collar worker, blue-collar and Pink-collar worker, pink-collar jobs, or whose income is insufficiently high to place them in the middle class, or both. However, socialists define "working class" to include all workers who fall into the category of requiring income from wage labour to subsist; thus, this definition can include almost all of the working population of developed country, industrialized economies. Definitions As with many terms describing social class, ''working class'' is defined and used in different ways. One definition used by many socialism, socialists is that the working class includes all those who have nothin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Upper-class
Upper class in modern societies is the social class composed of people who hold the highest social status. Usually, these are the wealthiest members of class society, and wield the greatest political power. According to this view, the upper class is generally distinguished by immense wealth which is passed on from generation to generation. Prior to the 20th century, the emphasis was on ''aristocracy'', which emphasized generations of inherited noble status, not just recent wealth. Because the upper classes of a society may no longer rule the society in which they are living, they are often referred to as the old upper classes, and they are often culturally distinct from the newly rich middle classes that tend to dominate public life in modern social democracies. According to the latter view held by the traditional upper classes, no amount of individual wealth or fame would make a person from an undistinguished background into a member of the upper class as one must be born in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
