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submitted 8 months ago by ooli@lemmy.world to c/workreform@lemmy.world
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[-] Nobody@lemmy.world 165 points 8 months ago

If you need to work to exist, you are working class. Owners make passive income with the wealth they already have. If getting fired from your job puts your basic necessities at risk, you are working class.

And relying on your parents to bail you out does not make you owner class.

[-] fine_sandy_bottom@discuss.tchncs.de 35 points 8 months ago

I don't disagree with you. These seem like entirely reasonable definitions. Yet... I still kind of question their utility. It's just semantics and the delineation of classes depends entirely on the conversation you're having.

Want to complain about capitalism? Sure... working class vs owning class, or 1%, or whatever you want.

For more or less any other conversation we don't use terms like "lower class" or "middle class" but we divide cohorts into segments in order to make them easier to read about. It's not a sinister plot by capitalists to confuse the plebs, it's just practical.

[-] Fal@yiffit.net 6 points 8 months ago

Owners make passive income with the wealth they already have

And there's different degrees. More than half the US population own stock. Is someone who makes $200 a year via investments "owning class"? What about $20,000? $2,000,000? You see how there's vastly different scales? That's what the definition of middle class is and why it's important and meaningful

[-] mods_are_assholes@lemmy.world 41 points 8 months ago

Your distinction is answered in the post you replied to.

If getting fired from your job puts your basic necessities at risk, you are working class.

[-] nyctre@lemmy.world 11 points 8 months ago

It's not just about owning, it's about living off what you own. You have to work to live? Working class. You live from passive income? Owner. As you can see, middle class definition is not meaningful in this conversation. In other contexts, sure it matters, but not here

[-] Pipoca@lemmy.world 1 points 8 months ago

So everyone who retires transitions from the working class to the owner class?

I'm not sure it's that useful to say that a 70 year old retired engineer is owner class because they're living off of the stock market returns of their 401k.

[-] nyctre@lemmy.world 6 points 8 months ago

No, that's just called retirement

[-] Fal@yiffit.net 3 points 8 months ago

So what about someone who retires in their 30s?

this post was submitted on 20 Feb 2024
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Work Reform

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