The upper class is not only defined by income. We assume that a stock company is a demographic institution where people vote according to their shares. Stockholders are involved in the determining the strategies and politics of major corporations 4. Members of the upper class are disproportionally represented on the board of directors 5. Middle-level managers who rise to the top are socialized by and assimilated into the upper class.
Pluralists argue that ownership and control have been separated in large corporations.
According to Marx, the upper class should already be overthrown by proletarians. The Myth of a Mobile Society Social mobility is the ability for children to end up in another social class than their parents. This is often measured in net income or on social prestige scales of profession. The American Society is not Highly Mobile C A recent report demonstrated that social mobility in the U.S. is lower than in Europe . C Traditionally the absence of wars on North American soil, and the stable political climate in the U.S. made social change unlikely.