[deleted]

Comments

• kabobglance@infosec.pub ⁨1⁩ ⁨year⁩ ago

  Some classes don’t need to work, they hire others to invest their resources or can just live off their resources

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  • SuddenDownpour@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

    This is the question you have to make. Mark Zuckerberg might certainly be working over 40 hours a week, but, could he maintain his level of life if he stopped working altogether, and started living from the profits of Meta? Without a level of doubt, yes.

    The middle class, as a concept, did make sense when it did refer to small business owners whose income generated by work and whose income generated by capital was somewhat comparable, and even if their quality of life would be deteriorated if they stopped working, that was certainly a choice they could take.

    Nowadays, “the middle class”, as it is used in mass media, is a feel-good concept to make working people feel satisfied about the fact that they’re not “the poor”. Sometimes you will even see people who have difficulties to live paycheck to paycheck who still live in the conceptual place of “the middle class”. It is no longer used as a sociological category, but rather, an ideological one.

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    • ziggurism@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Zuckerberg owns %14 percent of the 2.5 billion shares of the trillion dollar company.

      Yes, he could retire and live off a slice of the profit for the rest of his life. But that’s nothing. Anyone with a few tens of thousands of shares of a healthy company can do that. That massively understates the scope of his holdings.

      Facebook could never turn a profit again. Revenue could fall off a cliff. And Zuck could borrow against the value of his assets to get paid handsomely for the rest of his life.

      Heck he could shut down Meta and liquidate the company for pennies on the dollar and still have more money than most people see in 100 lifetimes.

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    • kucuva@lemmy.world ⁨1⁩ ⁨year⁩ ago

      I realize my question is a bad one to begin with, to answer it you have to put people in classes. I looked up the companies with the reenue in the world, facebbok or meta is not even on that list, walmart is #2. Buying groceries and stuff is more a necessity than online services entertainment or not, so that makes sense. Then, I looked up richest companies by net worth (which is made up anyways, revenue is actual amount you’re getting if you take away its “worth” tomorrow) Meta still isn’t the richets company in this sense, but Apple and Amazon are pretty high on the list. en.wikipedia.org/…/List_of_largest_companies_by_r… …usnews.com/…/most-valuable-companies-in-the-worl…

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• Aidinthel@reddthat.com ⁨1⁩ ⁨year⁩ ago

  In socialist analysis, there are really only two classes: the working class and the capitalist class. The difference is that the capitalist receive passive income from their legal ownership of the means of production and while they may choose to do some sort of work, they are not dependent on their pay for survival.

  The idea of the “middle class” is a relatively recent invention which in this analysis serves to divide the workers by giving some of them the impression that they are higher status than others while still leaving them subordinate to the capitalists.

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• RightHandOfIkaros@lemmy.world ⁨1⁩ ⁨year⁩ ago

  The working class is defined by the fact that they do the most work. Other classes work, but not like the working class do.

  As an example, the upper class is sometimes called the ruling class in some societies. This is because they spend the most time in ruling positions, thus their class is defined by ruling rather than working.

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• merde@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

  this may help 👉 proletariat

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  • kucuva@lemmy.world ⁨1⁩ ⁨year⁩ ago

    [deleted]

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    • groctel@lemmy.world ⁨1⁩ ⁨year⁩ ago

      From the article: The proletarii constituted a social class of Roman citizens who owned little or no property. The name presumably originated with the census, which Roman authorities conducted every five years to produce a register of citizens and their property, which determined their military duties and voting privileges.

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• Nemo@midwest.social ⁨1⁩ ⁨year⁩ ago

  • the working class either did not receive higher education or doesn’t use it in their career

  • the working class primarily does manual labor (blue collar) or service jobs (pink collar)

  • working class families have everyone employed instead of a few primary breadwinners and their dependents

  • working class generally is employed full-time or more, as opposed to the lower class who has trouble finding that level of employment

  • working class are often paid hourly instead of salary

  • working class class generally get fewer benefits and no retirement plan, that is, they will alwats be working

  Contrast with the underemployed lower class, the salaried professional class, and the voluntarily-employed leisure class.

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