The words 'have to' are doing a lot of work in that statement. Some people 'have to' work to literally put food on the table, other people 'have to' work to able to making payments on their new yacht. The world is full of people who could probably live out the rest of their lives without working any more, but doing so would require drastic lifestyle changes they're not willing to make.
I personally think the metric should be something along the lines of how long would it take from losing all your income until you're homeless.
> I personally think the metric should be something along the lines of how long would it take from losing all your income until you're homeless.
What income? Income from job, or from capital? A huge difference. Also a lot harder to lose the latter, gross incompetence or a revolution, while the former is much easier.
Yea, should have been clearer. Income from work (or unemployment benefits) in this case. Someone who works to essentially supplement their income, but could live off their capital, is in a very different position than someone for whom work is their only source of income or wealth.
Now it comes down to how you define 'for a living'. You still need to differentiate between people who work to survive, people who work to finance their aspirational lifestyle, and people who have all the money they could possibly need and still work because they either see it as a calling or they just seem to like working. Considering all these people in the same 'class' is far too simplistic.
So someone on the edge of poverty, balancing two or three minimum wage jobs just to make ends meet, should be considered part of the same class as the CEO of Microsoft or Google? Hell most people on the Forbes list 'work' in at least some meaning of the word, even if many of them effectively work for themselves.
What about the trust fund kid working part time at an art gallery just because they like the scene and hanging out with artists? Same class?
And on the flip side, are pensioners, the unemployed, and people on permanent disability part of the same class as the dilettante children of billionaires?
Homeless or loose current house? Downsizing and/or moving to cheaper places could go a long way. Yet loosing current level of housing is what most people think want to avoid.
Either work, but homeless is more absolute. For some downsizing means moving into their car and for others it means moving into a 3000 sq ft house, with a smaller pool, in the third nicest neighbourhood in town. But yea, losing your house and being forced to drastically downsize against your will is no doubt traumatic in both cases.
“from losing all your income until you're homeless.”
I’m willing to bet you haven’t lived long enough to know that’s a more or less a proxy for old age. :) That aside, even homeless people acquire possessions over time. If you have a lot of homeless in your neighborhood, try to observe that. In my area, many homeless have semi functional motor homes. Are they legit homeless, or are they “homeless oligarchs”? I can watch any of the hundreds of YouTube channels devoted to “van life.” Is a 20 year old who skipped college which their family could have afforded, and is instead living in an $80k van and getting money from streaming a “legit homeless”? The world is not so black and white it will turn out in the long run.
While you’re not wrong in what differentiates those with wealth to those without, I think ignores a lot of nuance.
Does one have savings? Can they afford to spend time with their children outside of working day to day? Do they have the ability to take reasonable risks without chancing financial ruin in pursuit of better opportunities?
These are things we typically attribute to someone in the middle class. I worry that boiling down these discussions to “you work and they don’t” misses a lot of opportunity for tangible improvement to quality of life for large number of people.
It doesn't - its a battle cry for the working classes (ie anyone who actually works) to realize they are being exploited by those that simply do not.
If you have an actual job and an income constrained by your work output, you could be middle class, but you could also recognize that you are getting absolutely ruined by the billionaire class (no matter what your level of working wealth)
I'm really not convinced that I and my CEO share a common class interest against the billionaires, and I'm not particularly interested in standing together to demand that both of us need to be paid more.
I don't know how to convince you that both of you are struggling against each other when you should be in common cause, but in my experience if the CEO thinks even more they are a temporarily embarrassed billionaire then I can see why you'd resent them. That doesn't change the facts of the matter though.
Traditionally there were the English upper class, who had others work for them, and the working class who did. Doctors and Bankers were the middle class, because they owned houses with 6-8 servants running it, so while they worked, they also had plenty of people working for them.
I agree with your point. Now doctors are working class as well.
That's reductive. The middle class in the US commonly describes people who have access to goods and services in moderation. You aren't poor just because you can't retire.
The words 'have to' are doing a lot of work in that statement. Some people 'have to' work to literally put food on the table, other people 'have to' work to able to making payments on their new yacht. The world is full of people who could probably live out the rest of their lives without working any more, but doing so would require drastic lifestyle changes they're not willing to make.
I personally think the metric should be something along the lines of how long would it take from losing all your income until you're homeless.