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Showing posts with the label "British banks"

Working Class Graduate vs. Middle Class Graduate

According to research by the London School of Economics, if you’re a working class graduate with a first class degree you’re less likely to land an elite job than a middle class graduate with a 2:2. And even if you do succeed in getting the position, you'll earn on average 16% less than your middle class counterparts. Why? In this "investigation " Amol Rajan, media editor at the BBC, either has failed to answer why or he was censored (an editor edited him!). The main reason according to Rajan is "class prejudice". Class, thus, is like racism "a prejudice". not a production of socio-economic structure of property and power: how production is organised, who gets the profit, who owns what, and what power relations govern the producers and the owners of capital.  Furthermore, class society has to reproduce itself in terms of power relations and ideas, (i.e. ideology). This main division in society has to be deflected towards "identity politic