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What could the typical hourly wage for all of these classes be? I know that thelower class makes $5.85 and hour.

2007-09-20 18:15:17 · 6 answers · asked by me 3 in Social Science Economics

6 answers

ECONOMICS I LEARNED THAT SUPPLY GO UP DEMAND GO DOWN AND VICE VERSA THAT'S ALL THERE IS TO KNOW **** WAGES AND ****...

2007-09-20 18:53:04 · answer #1 · answered by Axis Flip 3 · 0 0

The middle class wage is around $25-50 an hour with some skilled peopled making
upwards of $75.

The upper classes don't generally think in terms of hourly wage, nor do the people that track such things. Upper class are large property owners, investors, professionals, inherited wealth, and business and computer developers. Most are working over 50 hours a week, nights, weekends and even holidays. They travel alot and spend alot of time waiting in terminals, unless they are lucky and the company has a corporate jet. They also enjoy perks like expense accounts, free meals and lodging while traveling, cars and entertainment. A company American express card is a sign you have arrived.
In effect, you are receiving all these perks tax free, which is why I went into the business world, but later tired of the travel and the boredom. It wasn't ALL boring, however. The company actually paid my way through college, knowing I would leave.
We already know the poor burger flippers are only making $5. to $10. an hour. No perks at all. No benefits, vacations, or expense accounts. Fast food joints serve as a useful reminder to youth. Stay in school or this is where you will work.

2007-09-20 19:08:45 · answer #2 · answered by wpepper 4 · 0 1

I have no idea. I used to be a waitress and there were times I would rather have had no tip (like a bill that came to $35 and I got less than a dollar?!?!?!) Then again, I think the restaurant should increase the prices, increase the servers' wages, and not require a tip--although I also see the flip side of that--wait staff who don't care what kind of service they provide since it won't affect how much money they make. Catch 22 if I've ever seen one. I always tip at least ten percent (and that low ONLY if the waiter/waitress was LOUSY!)

2016-05-19 22:48:45 · answer #3 · answered by Anonymous · 0 0

The upper class doesn't work for wages but have an income over $250,000 a year
The upper middle about average $100,000 which is $50 per hr
The middle about average about $40,000 which is $20 per hr
The lower is anything below $20,000 which is about $10 per hr

see http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/

2007-09-20 19:18:48 · answer #4 · answered by meg 7 · 0 0

Depending on which statistics you use the middle class wages ranges from 40,000 - 120,000. Use the old accounting rule/equation of salary divided by 2080 = est. per hour.

therefore, middle class would be around $19.50/hr to around 60/hr.

Realistically speaking, I would say you'll need at least a $75/hr job to be in the mid range.

2007-09-20 18:30:05 · answer #5 · answered by MarianasTrench 6 · 0 0

My guess is middle class makes 15.65hr. And upper class makes more than 26.80 hr. lol I don't know.

2007-09-20 18:47:38 · answer #6 · answered by Anonymous · 1 0

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