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Gold-collar worker (GCW) is a neologism which has been used to describe either young, low-wage workers who invest in conspicuous luxury (often with parental support)[1], or highly-skilled knowledge workers, traditionally classified as white collar, but who have recently become essential enough to business operations as to warrant a new classification. A neologism (from Greek neo = "new" + logos = "word" is a word that although devised relatively recently in a specific time period has been Knowledge worker (also referred to as as intellectual worker or brain worker) is someone who is employed due to his or her knowledge of a subject matter rather than White-collar worker refers to a salaried professional or an educated Worker who performs semi-professional office administrative and sales coordination tasks as opposed to

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Low wage, luxury seeking

These are 18 to 25 year-old persons in a position to divert a significant portion of their earnings towards material luxuries. They typically have fewer than 2 years of post-high school education. Like their counterparts attending college, they are often employed as retail workers or in the hospitality industry, particularly food service. College ( Latin collegium) is a term most often used today to denote an Educational Institution. The hospitality industry is a 35 trillion dollar service sector within the global economy The foodservice (or food service) industry (US English catering industry in British English encompasses those places institutions and companies responsible Unlike college students, though, this group tends to have more disposable income than college students, who pay high tuition costs and often move away from their parents. Tuition means instruction or teaching. In American English, the term tuition is often used to refer to a fee charged for educational instruction A lack of financial obligations leaves young people in this situation with a higher enough level of discretionary income, which they use to finance luxury goods. In Economics, a luxury good is a good for which Demand increases more than proportionally as income rises in contrast to a "necessity good" Thus, the term also carries a connotation of immaturity, as in the movie Failure to Launch, where a man still lives with his parents despite being well into his 30's and owning a business. Failure to Launch is a 2006 American Romantic comedy Film. It is a loose remake of the French film Tanguy

The main challenge faced by gold-collar workers is the short-lived nature of their financial security. More often than not, these people marry and have children, and take on additional financial responsibilities such as mortgages and health insurance. A mortgage is the pledging of a property to a Lender as a security for a Mortgage loan. With partial or no higher education, however, their job prospects are narrow.

“

These people are going to be cash-rich 19-year-olds and cash-poor 30-year-olds. . . If you're making 22 grand a year and not paying for college, you can earn enough disposable income to have an apartment and a car. But it tops out there. Job security is not good, and you end up in the lower middle class and working poor.
-Anthony Carnevale, National Center on Education and the Economy

 ”

Highly skilled, highly valuable

It has been reported that the term 'Gold-Collar worker' was first used by Robert E Kelley in his 1985 book The Gold-Collar Worker: Harnessing the Brainpower of the New Work Force. Here he discussed a new generation of workers who use American business' most important resource, brainpower. A quote from the book summary states, "They are a new breed of workers, and they demand a new kind of management. Intelligent, independent, and innovative, these employees are incredibly valuable. They are lawyers and computer programmers, stock analysts and community planners, editors and engineers. They are as distinct from their less skilled white-collar counterparts - - bank tellers, bookkeepers, clerks, and other business functionaries - - as they are from blue-collar laborers. And they account for over 40 percent of America's workforce. "[2]

The color gold applies to these workers because they are highly skilled. [3] When Kelley's book was published in 1985, these were typically understood as being young, college-educated, and specialized.

See also

References

  1. ^ USATODAY.com - New 'gold-collar' young workers gain clout
  2. ^ kelleyideas.com : books
  3. ^ World Wide Words: Gold-collar worker
Social stratification : Social class
v • d • e
Bourgeoisie Upper class Ruling class Nobility White-collar
Petite bourgeoisie Upper middle class Creative class Gentry Blue-collar
Proletariat Middle class Working class Nouveau riche/Parvenu Pink-collar
Lumpenproletariat Lower middle class Lower class Old Money Gold-collar
Peasant/Serf Slave class Underclass Classlessness
Social class in the United States
Upper class Middle class Lower class Income Educational attainment
In Sociology, social stratification is the hierarchical arrangement of Social classes Castes and strata within a Society. Social class refers to the hierarchical distinctions (or stratification) between individuals or groups in Societies or Cultures. Is a concept in Sociology that refers to the group of people at the top of a Social hierarchy. The term ruling class refers to the Social class of a given society that decides upon and sets that society's political policy Nobility is a government-privileged title which may be either hereditary (see Hereditary titles) or for a lifetime White-collar worker refers to a salaried professional or an educated Worker who performs semi-professional office administrative and sales coordination tasks as opposed to Petit-bourgeoisie (or petty bourgeois through Folk etymology) is a French term that originally referred to the members of the lower middle social-classes The upper middle class is a sociological concept referring to the Social group constituted by higher-status members of the Middle class. The creative class is a group of people that social scientist Dr Gentry generally refers to people of high Social class, especially in the past The proletariat (from Latin la ''proles'' "offspring" is a term used to identify a lower Social class; a member of such a class is proletarian The middle class, in colloquial usage consists of those who have some economic independence but not a great deal of social Influence or power. Working class is a term used in academic Sociology and in ordinary conversation to describe depending on context and speaker those employed in specific fields or types Nouveau riche ( French for "new rich" or new money, refers to a person who has acquired considerable Wealth within his or her A Parvenu is a person that is a relative newcomer to a socioeconomic class A pink-collar worker works in a job that is considered traditionally female (these traditions generally harking back to the first half of the twentieth century Lumpenproletariat (a German word meaning "raggedy proletariat" is a term first defined by Karl Marx and Friedrich Engels in In developed nations across the earth the lower middle class, is a sub-division of the greater Middle class which constitutes by far the largest socio-economic class Working class is a term used in academic Sociology and in ordinary conversation to describe depending on context and speaker those employed in specific fields or types Old Money is a term that refers to the established Upper class. A peasant is an agricultural worker who subsists by working a small plot of ground As a social-economic system slavery is a legal institution under which a Person (called "a slave" is compelled to work for another The contemporary concept of the underclass is a sanitized term for what was known in the eighteenth and nineteenth centuries as the undeserving poor and may have been coined by American sociologist This article is translated from and may fit related articles there better. There is considerable controversy regarding social class in the United States, and it remains a concept with many competing definitions The American upper class describes the sociological concept pertaining to the "top layer" of society in the United States. The American middle class is an ambiguously defined Social class in the United States. The concept of a lower class in the United States is used to describe those at or near the lower end of the socio-economic hierarchy. Income in the United States is measured by the United States Department of Commerce either by household or individual. The educational attainment of the US population is similar to that of many other industrialized countries with the vast majority of the population having completed secondary education
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