Re: The Teixeira thesis

[Michael Dawson <michael@xxxxxxxxxx>]

I like Kevin Phillips' way of putting it:

Upper Class = rich, work or no work
Middle Class = comfort and some wealth, but only if you keep working
Working Class = hand-to-mouth/no net wealth, and big trouble if no job

This schema matches the wealth profile of the country quite well, IMHO.


----- Original Message -----
From: "Doug Henwood" <dhenwood@xxxxxxxxx>
To: <PEN-L@xxxxxxxxxxxxxxxx>
Sent: Friday, March 05, 2004 1:58 PM
Subject: Re: [PEN-L] The Teixeira thesis


> Michael Hoover wrote:
>
> >  >>> dhenwood@xxxxxxxxx 03/05/04 3:14 PM >>>
> >Yoshie Furuhashi wrote:
> >>Why classify workers into "working class" and "not working class"?
> >>You meant to say "classify people into 'working class' and 'not
> >>working class'"?
> >
> >Even Michael Eisner is a worker, at least for a little while longer.
> >So are bond traders.
> >Doug
> ><<<<<>>>>>
> >
> >oh brother...
>
> I'm not saying that worker = working class. A worker is someone who
> works; a member of the working class is someone with little or no
> property who must earn a paycheck to stay alive.
>
> Doug