Working Class

AAA

DEFINITION of 'Working Class'

A socioeconomic term used to describe persons in a social class marked by jobs that provide low pay, require limited skill and/or physical labor, and have reduced education requirements. Unemployed persons or those supported by a social welfare program are often included in this group.

INVESTOPEDIA EXPLAINS 'Working Class'

While "working class" is typically associated with manual labor and limited education, blue collar workers are vital to every economy. Karl Marx described the working class as the "proletariat", and that it was the working class who ultimately created the goods and provided the services that created a society's wealth.

RELATED TERMS
  1. Upper Class

    A socioeconomic term used to describe individuals who reside ...
  2. Grunt Work

    An expression used to describe thankless and menial work. Grunt ...
  3. Misery Index

    A measure of economic well-being for a specified economy, computed ...
  4. Blue Collar

    A working-class person historically defined by hourly rates of ...
  5. White Collar

    A working class that is known for earning high average salaries ...
  6. Welfare

    A government program which provides financial aid to individuals ...
Related Articles
  1. The Economics Of Labor Mobility
    Economics

    The Economics Of Labor Mobility

  2. Investing In Your Child's Education
    Insurance

    Investing In Your Child's Education

  3. Are We Losing The Middle Class?
    Personal Finance

    Are We Losing The Middle Class?

  4. Financial Capitalism Opens Doors To ...
    Options & Futures

    Financial Capitalism Opens Doors To ...

comments powered by Disqus
Hot Definitions
  1. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  2. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  3. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  4. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  5. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  6. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
Trading Center