New Money. New money includes people whose wealth has been around only for a generation or two. Also referred to as the nouveaux riches (French for “newly rich”), they have earned their money rather than inheriting it. Unlike the members of the upper class, they do not have a family associated with old money.

Answer: The defined answer is the Lower class. While it is technically called the working poor, which is a class comprised of people who work minimum wage jobs with little to no extra benefits, the working class gets extra benefits from their jobs, and who do not necessarily work minimum wage jobs.

Many sociologists suggest five:

• Upper Class – Elite.
• Upper Middle Class.
• Lower Middle Class.
• Working Class.
• Poor.

The theory of class is at the centre of Marx’s social theory, for it is the social classes formed within a particular mode of production that tend to establish a particular form of state, animate political conflicts, and bring about major changes in the structure of society.

Class, for Marx, is defined as a (social) relationship rather than a position or rank in society. The structure and basis of a social class may be defined in objective terms, as groups with a common position with respect to property or the means of production.

Karl Marx based his conflict theory on the idea that modern society has only two classes of people: the bourgeoisie and the proletariat. The bourgeoisie are the owners of the means of production: the factories, businesses, and equipment needed to produce wealth. The proletariat are the workers.

Marx’s main argument is that class is determined by economic factors alone, whereas in contrast, Weber argues that social stratification cannot be defined solely in terms of class and the economic factors which affect class relationships.

In the theory of Karl Marx, the term proletariat designated the class of wage workers who were engaged in industrial production and whose chief source of income was derived from the sale of their labour power.

Devised by the National Readership Survey, it assigns doctors, barristers and company directors to category A, representing the upper middle class, while B represents middle-class professionals such as teachers or police officers, and C1 the lower middle class – clerical staff, clerks and so on.

The United State Supreme Court has held that police officers can order drivers to get out of their vehicles during lawful traffic stops.

In California, the average salary for police officers is over $37,000 more than the national average, $105,220 vs. $67,600. The gap between the No. 1 best-paying state, California, and the No.

the laboring class

Bourgeoisie, the social order that is dominated by the so-called middle class. In social and political theory, the notion of the bourgeoisie was largely a construct of Karl Marx (1818–83) and of those who were influenced by him.

Bourgeois is often mistakenly used to refer to people of considerable wealth or status, possibly because the French pronunciation causes us to associate it with opulence, yet the word is of decidedly middle-class origins (and meaning). Bourgeois may function as either a noun or an adjective.

Political class. The Proletariat, the opposite of the Bourgeoisie.