Lower end is probably associated with your traditional professional classes. Then there is managerial classes. And finally the newly rich. Which might interact with others, but likely won't fully belong...
Lower end is probably associated with your traditional professional classes. Then there is managerial classes. And finally the newly rich. Which might interact with others, but likely won't fully belong...
In fact, you still regularly hear the disparaging words "new money" today.
If you grew up old money, you get tapped for the best projects and will make Staff by 25, Principal by 30. If you don't have the technical abilities, they'll make you a manager. On the other hand, if you come from the rabble, you stay in the rabble--you get assigned regular grunt work and performance reviews actually matter to your future.
I could not disagree with this more. I would say that tech, unlike legal, medical or other fields, is by far the most egalitarian. You can be a kid that comes from the "rabble" and make Staff/Principle if you are really good and committed.
Likewise I have seen many "old money" folks like you describe completely wash out. We had a few at my company get their foot in the door because the parents play golf with the owner. Sure they have the advantage in getting in, but once youre in if you aren't skilled technically, you're going to wash out very quick (both guys we hired were gone in ~3 months)
In my org, half of the senior staff and executives weren’t even born in America. They were naturalized citizens or on work permits.
Not sure how those folks could be leveraging their social class in America.
One example off the top of my head: Indian caste discrimination in Silicon Valley [1][2]. Cisco was even sued by the state of California for such discrimination [3].
[1] https://news.ycombinator.com/item?id=24952698
You're right that they don't need to work. They do it to legitimize themselves. And, of course, to make sure any genuine opportunities go to their social class and not the rest of us.