dylanovanekeren video 5 : How the one percent lives.

 How the one percent lives.

We live in a class-based society, and wealth is the most important indicator of class. The top class and the middling working class are the two opposing poles of every civilization. As a result, there are groups of people in society who fall into the beginning, average, and end categories of wealth. On the other hand, there are groups of people in society who are at various stages of poverty—from mild to severe. Karl Marx's theory of economics holds that there can never be economic class equality or social equality.

Hello! Welcome back to my channel. In this video, I will be going over the history and rate of middle-working-class people and some major differences between upper-class and middle-working-class people. Make sure to stick to the end so you don’t miss anything worth listening to.

Social scientists typically define class by occupation, money, or education. A leading expert on working-class studies Michael Zweig describes members of the working class as having "very little influence or authority when they go to work or when they behave as citizens." 

They are the workers who perform their duties under somewhat close supervision, who have little control over the flow or nature of their work, and who report to no one in particular.

The socioeconomic phrase "working class" refers to people who work in positions with low income, little skill requirement, or physical labor. Working-class jobs typically have lower educational needs.  This includes those who have completed high school, dropped out, attended some college, and have an associate's degree. The unemployed are included since they are still considered part of the labor force as long as they actively seek employment. because it gets harder and harder.

The working class was identified as being the most numerous class in America by sociologists like Dennis Gilbert and Joseph Kahl, a sociology professor at Cornell University and the author of the 1957 textbook The American Class Structure.

Most people in feudal Europe belonged to the laboring class, which included people who worked in a variety of trades, professions, and occupations. A lawyer, a tradesman, and a peasant, for instance, were all members—neither were they among the religious or aristocratic elite. Other pre-industrial societies outside of Europe had hierarchies very similar to our own.

These laboring classes' social standing was seen as predetermined by natural law and accepted religious doctrine. During the German Peasants' War, farmers disputed this notion. The idea of a stable, divinely ordained social structure was incompatible with a changing Europe in the late 18th century when the Enlightenment took hold. With the justification that they were morally and ethically better, wealthy people in those countries attempted to hold the working class under check.

With over 14 million people, the food and retail industries are the top source of employment for the emerging working class. There is a persistent stereotype of retail and food employees as high school or college students who labor after school all year long or during the summer but then bid such positions farewell once they have obtained better credentials. Eight out of ten waiters and waitresses between the ages of 25 and 64 do not hold a college degree. In a similar vein, 75% of retail salespeople lack a college degree. It turns out that just 30% of fast-food employees are under the age of 18.

Two of the top ten jobs with the highest employment rates (laborers/material movers and janitors) might be categorized as typical blue-collar work, that is, manual labor predominately performed by men. These positions aren't on an assembly line or a factory floor, though, as opposed to forty years ago. Currently, 2 million members of the new working class work as cleaners or janitors and make an average hourly income of $11.95. Men hold almost seven out of ten of these positions. Whites hold around half of them, while Latinos, African Americans, and Asian Americans make up 30%, 16%, and 3% of the remaining half, respectively.

Hand laborers and material movers, which employ 3.5 million people, are the other significant occupation for working-class males today. Moving goods or stock to and from cargo containers, warehouses, and docks is a classic example of manual labor. Workers in sanitation who collect recyclables and waste from homes and businesses are also included. Because most of the lifting and movement is done by hand rather than by a machine, the task takes a lot of strength.

With over 7.5 million positions, general office clerks, secretaries and admin staff, and customer service representatives make up the third-largest source of working-class employment. These positions just require a high school diploma. Although many college graduates may find themselves working in these fields these positions just need a high school diploma, many college graduates may find themselves working in these fields to get their foot in the door. But for the most part, women from the working class hold these positions.

They deal with client complaints, file paperwork, type notes, make copies, purchase supplies, and generally maintain order in the office. These positions can be found in a variety of places, including medical offices, technology enterprises, and neighborhood bank branches. In reality, even though ATMs are widely used, over 500,000 individuals work as bank tellers, with a median salary of $11.99 per hour. Additionally, one-third of bank tellers must rely on public assistance like food stamps and health insurance programs, just like fast-food and retail workers.

After accounting for inflation, the median hourly wage for the working class now is $15.75, which is a whole $1.44 less than it was in 1980. 16 More than one-third of full-time employees today make less than $15 per hour, and 47% of all workers do as well. Over 35s make up nearly half of the workforce earning less than $15 per hour. Looking at the working class as a homogenous group hides crucial differences based on gender, race, and age. There is a hierarchy of earnings, just like in American society overall.

Despite a real salary loss of almost $5 per hour over the previous three decades, working-class men still earn more than all other working-class demographic groups combined. Working-class men now make an hourly median wage of $17.56, down from $22.04 in 1980. Due to men's greater income, the white working class earns much more than any other demographic. Over the past three decades, most workers' hourly wages have remained constant, with only slight increases for women and significant declines for men.

The middle-working class people work hard to survive. There are some major differences between upper-class and middle-working-class people. Let’s explore some.

First up is:

The difference in wealth:

The main distinction between the upper and working classes is that the former can satisfy both their immediate requirements and the majority of their wants thanks to their wealth and assets, but the latter may require the middle working class to go above and beyond to meet their necessities. The wealth and possessions of the impoverished are limited.

Income: 

As a result, the upper class enjoys a steady income and predictable expenses. Both their income and their spending are substantial. It makes sense that someone who earns millions would spend millions, while someone who earns thousands would spend thousands. On the other hand, the working class earns a meager amount of money. The working class is made up of people whose expenses are low since they do not have a steady source of income. They only spend what they can afford.

Taking risks:

The wealthy are aware of the importance of taking chances. Rich people aren't deterred by the possibility of failing at a task; instead, they're inspired by the slim chances of succeeding. 

In his book "The Mindset," psychologist Carol Dweck referred to this as the growth mindset. The wealthy upper class is focused on taking risks, whilst the impoverished would like to avoid dangers. These risky tasks terrify the underprivileged. When the risk is such that it is likely to cost them their comfort zone, this is a struggle with their comfort zone and is being waged at a high altitude.

Poor individuals in the middle class often adopt or adapt to more convenient and affordable methods of carrying out work. They will always choose what they can afford, regardless of whether it is the greatest option. On the other hand, wealthy people tend to strive for the best. The middle class may strive for the best, but they might not be able to buy it. In contrast, the upper class not only strives for the best regularly; they also have the resources and means to achieve it.

Knowledge: 

Knowledge is created via information, and power is created through knowledge. The upper class is influential because they possess knowledge. They are knowledgeable and persistent in continuing to invest in the information. Information is frequently expensive. Of sure, they can afford to invest. The middle-class working people, on the other hand, prefer to consume than to spend, let alone to invest in information.

That’s it for today. I hope you enjoyed it, if you did, make sure to give this video a big thumbs up and subscribe to my channel for more content like this. I will see you in my next video.

Thanks for watching.