Do Notions of "Class," Whether of the Worker, the Employer

question 68

Essay

Do notions of "class," whether of the worker, the employer, the middle, the upper, or the lower do more to confuse historical understanding than to actually explain the era of the Industrial Revolution?

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Definitions:

Labor Market

The supply and demand for labor, where employers seek to hire employees, and individuals offer their work or services.

Screening

The process of evaluating or examining something to ascertain its condition or identify the presence of something.

Signals

Actions or indicators that convey information or intentions in various contexts, such as economics, where they can indicate future behavior or trends.

Reputation

A long-term standing in the public regard that serves to reassure others that private information is not being concealed; a valuable asset in the face of adverse selection.