The American social class is characterized by very low incomes, minimal education, and long periods of unemployment, being the primary recipient of government support.
What is Unemployment?
- According to the OECD (Organisation for Economic Co-operation and Development), unemployment is defined as those over a certain age (often 15) who are not now employed or self-employed but are nonetheless currently eligible for employment during the reference period.
- The number of unemployed people as a percentage of the labor force serves as a proxy for unemployment, which is expressed as the unemployment rate (the total number of people employed added to those unemployed).
- A nation can affect unemployment and the state of the economy, for instance, by its fiscal policy.
- Furthermore, a nation's central bank or other monetary authority can affect the cost and availability of money by enacting monetary policy.
American social class :
Sociologists disagree on a number of social classes in the United States, but a very common view is that the United States has been divided into four classes: upper, middle, working, and lower. There are more variations present within the upper and middle classes.
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