Professional Managerial Class

The professional-managerial class (PMC) is a social class within capitalism that, by controlling production processes through occupying a superior management position, is neither proletarian nor bourgeoisie. Conceived as "The New Class" by social scientists and critics such as Daniel Patrick Moynihan in the 1970s, this group of middle class professionals is distinguished from other social classes by their training and education, typically business qualifications and university degrees,[1] with occupations thought to offer influence on society that would otherwise be available only to capital owners.[2] The professional-managerial class tend to have incomes above the average for their country, with major exceptions being academia and print journalism.[3] James Burnham had proposed the idea of a leading managerial class in his 1941 book The Managerial Revolution, but the term "professional-managerial class" was coined in 1977 by John and Barbara Ehrenreich.[4] The PMC hypothesis contributed to the Marxist debates on class in Fordism and was used as an analytical category in the examination of non-proletarian employees. However, orthodox Marxists consider the PMC hypothesis to be revisionism of the Marxist understanding of class.[5] https://en.wikipedia.org/wiki/Professional%E2%80%93managerial_class