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What Is The Middle Income Class?

2010/12/29 13:43:00 68

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Economics

Scientists have summed up six characteristics for the middle-income class: the educational background is usually excellent; the basic economic foundation and

Entrepreneurship

Knowledge, relatively rich, willing to develop under relative constraints, but not under full constraints; in economic development, the pulling effect often leads to the employment of the poor; it is very easy to form experts and professional groups; there are some fixed assets.

Li Peilin, a researcher at the Institute of Sociology of the Chinese Academy of Social Sciences, has made a comprehensive analysis of the concept of middle-income class. He believes that the middle-income class is first of all a concept of quality of life, followed by a concept of income distribution. The middle-income class is not only a reflection of the concept of urban and rural structure, but also a concept reflecting the social occupational structure. The middle-income class is a country concept at the same time.

Therefore, a more comprehensive view is that the middle income class, because of the two words of "class", is no longer a single index of "income" that can be accurately defined, explained and described, but a comprehensive index including income level, quality of life, occupation, income distribution system and social structure characteristics.

What is meant by

Middle class

The middle class is usually called "middle class". Its characteristics include: engaging in mental work; having a higher income, better working environment and conditions; and having the ability to maintain the standard of living and the quality of leisure life.