Social Classes - Of all social classes, the upper-middle...

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Social Classes The Weberian model of the U.S. Class Structure The Upper (or capitalist class) 1% of the population Members own substantial income-producing assets Operate at the national and international levels Upper-upper (?old money?)/Lower Upper (?new money) Members usually belong to prominent families which posses great wealth held for several generations Members belong to exclusive clubs and support high culture The Upper-Middle Class About 14% of the population Highly educated professionals (e.g., physicians, attorneys, stockbrokers, or corporate managers) Some derive their income from family-owned businesses Three factors combined qualifies people for the upper- middle class: university degree, authority and independence on the job, and high income.
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Unformatted text preview: Of all social classes, the upper-middle class is most shaped by formal education The Middle Class: About 30% of the population In the past a high-school diploma was necessary to qualify for middle-class jobs; today a two-year or four-year college degree is increasingly necessary. Examples of middle-class jobs: medical technicians, nurses, legal and medical secretaries, lower-level managers, semi-professionals and non-retail sales persons. In the past middle class membership meant the American Dream; today this dream is eroded by rising housing prices, occupational insecurity, blocked mobility on the job, and the rise of the cost of living (prices rise but the dollar loses value as well)...
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Social Classes - Of all social classes, the upper-middle...

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