this post was submitted on 22 Jan 2024
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Dont get it twisted. (lemmy.ml)
submitted 10 months ago by [email protected] to c/[email protected]
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[–] [email protected] 34 points 10 months ago (2 children)

There really isn't. Each group has a wider pay rate than maybe is implied, but functionally, there isn't a role in capitalism between them. Wealthy people want us to think there is a wide range of classes so we argue with each other instead of cooperating against them.

[–] [email protected] 8 points 10 months ago

There is a class in between though. Those who can't stop working and live on capital alone, but still have enough leeway to try and an asset that'll improve their financial status. For example:

  • Investing in higher education that can bring you higher salary. For the middle class it's a gamble - maybe you won't make it, or maybe you won't be able to get a job that justifies your degree - but that's categorically different from the rich who are pretty much guaranteed to graduate and get a good job using their connections (with the degree used as laundered merit) and from the poor who can't afford to invest the time (let alone the money) because their families will be in big trouble for several years if they don't work and bring income.
  • Buying a house. Not a problem for the rich, not a possibility for the poor, but for the middle class it's a huge thing - both in the effort it requires and the benefit of not having to rent (or being able to rent it to others)
[–] [email protected] 0 points 10 months ago

I can stop working for about 2 or 3 years depending on sacrifices I am willing to make. Do I qualify as a working poor class?