Importance of the Middle Class

654 Words3 Pages
Robert Jones Humanities 1101 Date: March 20, 2012 The importance of the middle class in a country as traced through the Black Death. The Black Death is a historical period dating many centuries ago when catastrophic plagues killed millions of people across Europe. It is said to have begun in the seventh century, lasted through the thirteenth century, and reduced the population of Europe by almost one half. During this period, a majority of the victims were employees. As a result, many companies faced severe shortages of labor and, consequently, this created an opportunity for the working class to make serious negotiations that led to better pays and, thus, emergence of the middle class people around Europe, the concept that has gained dominance in the modern world. Its role within a society has been a matter of serious debate. The importance of middle class has been underrated with various authors saying that it is not necessary, a view that is put to doubt in this paper. It is essential to consider the importance of the middle class in any system of economy with regard to its role in the economic development and thus the need for a larger group of middle class individuals (Richard 35). The middle classes around the world pay many taxes, which contributes to collective increased annual government revenue. Due to increased salaries and other financial benefits for the working class, government taxes have been observed in all nations during this time. Government budgets have considerably gone high due to revenues they collect from the middle class with surplus collections that go into treasuries as savings. Having resources, such as treasury savings, helps in attending emergencies that require use of equipment (Mayhew 10). With increased collections from the middle classes, such as taxes, there have been overflowing advantages that have benefited the

More about Importance of the Middle Class

Open Document